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China state planner to punish monopolies in internet platform industry -Breaking

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© Reuters. FILE PHOTO – A cable for a computer network is visible above the Chinese flag in this July 12, 2017. Illustration photo. REUTERS/Thomas White/Illustration

(Reuters) – China’s State Planner said Wednesday that the government will penalize monopolies in China’s Internet Platform Economy and unfair competition.

A series of opinion published by the State Planner’s website also indicated that the National Development and Reform Commission stated it would strengthen oversight in areas such as tax reporting and advertising.

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