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China appoints chief of national anti-monopoly bureau -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: China’s National Flag is seen in front of workers cleaning windows at a Beijing Commercial District on April 20, 2015.
REUTERS/Kim Kyung-Hoon

BEIJING (Reuters – China’s State Council has appoint a female vice minister in its market regulator for the head of the anti-trust Bureau, according to the human resource ministry. The move is part of a larger government effort to control big corporations.

Gan Lin is currently the deputy minister for State Administration for Market Regulation. She rose to prominence for her involvement in anti-monopoly campaigns earlier in the year.

Her appointment was also announced in a statement that referred for the first to the SAMR anti-trust unit, the National Anti-monopoly Bureau.

A change of name or seniority in the rank and position of the chief bureaucrat could signal an improvement in the status the antitrust bureau.

The once-low-profile SAMR was urged on by President Xi Jinping. It aimed to punish and root out anticompetitive behavior, especially in the huge online platform economy.

Reuters reported that China had been considering elevating the status of the bureau in October.

According to sources, a ranking higher would aid antitrust investigators in gaining resources while examining mergers or acquisitions.

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