China’s market regulator, the State Administration for Market Regulation (SAMR), hosted a symposium on fair competition, bringing together executives from major companies, including Alibaba (NYSE:BABA), JD.com, LONGi Green Energy, and Mercedes-Benz (OTC:MBGAF).
During the meeting, held on Tuesday, executives discussed market conditions, competitive challenges, and proposed measures to combat monopolies and unfair practices. SAMR’s Deputy Director Meng Yang emphasized the regulator’s commitment to fostering a level playing field, pledging to hold regular discussions to address business concerns.
Other participants included Trina Solar, JA Solar, and BAIC Group, highlighting a broad industry representation. This initiative aligns with China’s efforts to boost private sector investment and innovation, particularly amid economic slowdowns and U.S. restrictions on Chinese technology.
The symposium follows a rare meeting between Chinese President Xi Jinping and top business leaders, including Alibaba co-founder Jack Ma, signaling a shift in Beijing’s stance toward tech giants after years of regulatory scrutiny. Additionally, China recently introduced a plan to stabilize foreign investment, reinforcing its push for economic recovery and global competitiveness.