BEIJING, March 5 (Reuters) – China will continue its crackdown on monopolies to ensure fair competition,Premier Li Keqiang said in a report released ahead of the start of the annual session of parliament on Saturday.
Li also singled out the integrated circuits and artificial intelligence industries as priority areas for the government to build up domestic capabilities.
Li said the government, whose recent crackdowns on industries from e-commerce to private education has roiled global markets, would continue to improve “regulatory rules.”
“We will act quickly to improve regulatory rules for key industries, emerging sectors, and sectors with foreign involvement and introduce new measures to make regulation more targeted and more effective.”
The work report also said the government would push the large-scale rollout of 5G networks, “smart cities and digital villages”.
“We will improve the governance of the digital economy and unleash the potential of data as a factor of production, to further stimulate economic development and enrich people’s lives,” said Li.
