China makes progress in creating level playing field for market players

The skyline of Beijing. BEIJING - China has made steady progress in leveling the playing field for all market players as it seeks to promote high-quality development of the country's market regulation sector, Zhou Zhigao, an official of the State Administration for Market Regulation, told a press conference Friday. He shared that recent years had seen the SAMR continuously exerting efforts to regulate market competition behavior and effectively maintain a level playing field for all market players. Commenting on the "numerous and widespread" individual businesses, Pu said that the business group had played a positive role in stabilizing employment, promoting development and benefiting people's livelihoods. The measures are expected to address key and difficult issues such as the registration of "individual to enterprise" conversions, inheritance of business rights and market exit, thereby better supporting the long-term development of individual businesses, Pu said.