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China plans new competition, food watchdog in government revamp

Reuters  |  BEIJING 

By Josephine Mason and Michael MartinaBEIJING (Reuters) - China will form a powerful new competition and food safety regulator in a bid to ramp up oversight of mergers and acquisitions and price-fixing as the world's second-largest economy seeks to make policymaking more efficient.In much-anticipated plans to create seven new ministries and a raft of government agencies announced on Tuesday, one of the most significant changes is the creation of a national markets supervision management bureau.The new body will decide on antimonopoly and pricing issues, replacing the competition oversight ...

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First Published: Tue, March 13 2018. 17:52 IST