Antitrust efforts to protect private companies

BEIJING: Most Chinese private enterprises are upbeat about the country’s business prospects in the fourth quarter, as China’s strengthening antitrust efforts are expected to drive a fair and more competitive market, an official said.

“The country’s antitrust efforts are definitely not against innovation and development, let alone being opposed to private enterprises. What recent regulations try to restrain is the destruction of a benign industry ecology,” said Xu Lejiang, deputy head of the United Front Work Department of the Communist Party of China Central Committee.