Revised competition law to boost business growth

China is further promoting the revision of the Anti-Unfair Competition Law and improving relevant regulations and guidelines such as the declaration standards of the concentration of operators, the State Administration for Market Regulation said on Tuesday.

"The government aims to make relevant regulatory rules and law enforcement procedures clearer, so that all kinds of enterprises can catch up and improve together on the track of fair competition," Luo Wen, head of the SAMR, said during a news briefing on the sidelines of the first session of the 14th National People's Congress in Beijing.

Currently, China has 115 million self-employed business owners, growing from 40.6 million in 2012, which fully indicates the vitality and resilience of China's economy. This year, the SAMR will implement more favorable measures to support the business growth of individual business operators.

First, the SAMR will carry out different kinds of assistance for self-employed business owners at various development stages. It will work with relevant departments to actively carry out policy research on social security, taxes and other aspects, and gradually increase support for self-employed businesses, Luo said.

Second, the country should give full play to the role of the public service platform for individual businesses, integrate various resources, and provide entrepreneurship training, recruitment, and legal and policy information services for individual businesses.

The government will also continue to strengthen research, monitoring and analysis, and help find new development opportunities for all types of self-employed businesses, Luo added.

Last, the SAMR will continue to do a good job by visiting self-employed businesses on-site, and help them solve practical difficulties and problems, and thus further enable individual business owners to grow their businesses and contribute to China's high-quality growth.