Strengthening Anti Monopoly Supervision Is For Better Development

Recently, according to the report, on the basis of the preliminary verification and research, the market supervision administration of the people's Republic of China has launched an investigation into suspected monopoly activities such as "one out of two" carried out by Alibaba Group Holding Co., Ltd. This is an important measure for China to strengthen anti-monopoly supervision in the field of Internet, which is conducive to standardizing the order of the industry and promoting the long-term and healthy development of the platform economy.

In recent years, China's online economy is booming, and new formats and models emerge in endlessly, which has played an important role in promoting high-quality economic development and meeting the growing needs of the people for a better life. But at the same time, with the advantages of data, technology and capital, the online economy also shows a trend of higher and higher market concentration. Market resources accelerate to concentrate on the head platform. The reflection and report on the platform monopoly problem are increasing day by day, which shows that there are some risks and hidden dangers in the development of online economy. The recent political bureau meeting and economic work conference of the CPC Central Committee have clearly called for strengthening anti-monopoly and preventing disorderly expansion of capital, which have received warm response and wide support from the society. It can be seen that antitrust has become an urgent issue concerning the overall situation.

Anti monopoly and anti unfair competition are the internal requirements of improving the socialist market economic system and promoting high-quality development. Fair competition is the core of the market economy. Only when the competitive environment is fair can we realize the effective allocation of resources and the survival of the fittest. Monopoly hinders fair competition, distorts the allocation of resources, damages the interests of market subjects and consumers, and stifles technological progress, which are the development and security risks that regulators have been highly vigilant about. Since the birth of online economy, China has always supported and encouraged the innovation and development of Internet platform enterprises and enhanced international competitiveness. In August 2019, the "guidance on promoting the healthy development of platform economy" was printed and issued, which put forward measures to strengthen policy guidance, support and guarantee. It should be said that China's platform economy and online economy are in the forefront of the world, which can not be separated from the great era of reform and opening up. It benefits from China, the world's largest market, and the policy initiatives of the government departments to encourage development and innovation. However, both encouragement and regulation should be paid equal attention to. Online economy must carry out innovative development according to laws and regulations. If the restrictions of laws and regulations are exceeded, market monopoly, disorderly expansion and savage growth are allowed, the whole industry will eventually be unable to achieve healthy and sustainable development. This time, the regulatory authorities launched a case investigation on Internet enterprises suspected of monopolistic behavior in accordance with laws and regulations, in order to better regulate and develop the online economy and let the Internet industry move forward on the track of the rule of law.

Looking around the world, antitrust is an international practice, which is conducive to protecting fair competition and innovation in the market and safeguarding the rights and interests of consumers. In the face of the "super platform" of the Internet, the anti-monopoly law enforcement agencies of all countries and economies in the world have adopted strict regulatory attitude and restrictive measures. Strengthening anti-monopoly supervision, protecting the legitimate rights and interests of consumers, maintaining the market order of fair competition and stimulating market vitality have become the general trend and the aspiration of the people. The United States is the first country in the world to issue an anti-monopoly law. In recent years, the United States has been increasing its anti-monopoly investigation on Internet technology giants. The investigation focuses on the abuse of market dominance, suppression of competitors, obstruction of innovation and damage to consumers' interests. On December 15, the European Union promulgated the "Digital Services Law" and "digital market law", aiming to curb the unfair competition of large-scale network platforms. In the past four years, Google, apple, Facebook, Amazon and other technology giants have been subject to anti-monopoly investigations around the world. The EU has imposed anti-monopoly penalties on Google for three consecutive years from 2017 to 2019, with a cumulative amount of more than $9 billion.

Strengthening anti-monopoly supervision will also effectively promote innovation and co governance. China is recognized as one of the leading countries in the development of global digital economy. We need to promote the healthy development of the industry through anti-monopoly, improve the digital rules, and lay a solid foundation for the construction of a new development pattern. In recent years, great progress has been made in the construction of anti-monopoly rule of law in the field of Internet. The guide to anti-monopoly in the field of platform economy has been solicited for public opinions, which will effectively enhance the operability and predictability of the anti-monopoly legal system. The revised draft of the anti-monopoly law (Draft for public comments) released at the beginning of this year added market domination for Internet operators for the first time On the basis of status determination. It must be noted that the antimonopoly law is applicable to all subjects, and treats domestic and foreign capital, state-owned and private enterprises, large and medium-sized enterprises, Internet enterprises and traditional enterprises equally and equally. The purpose is to ensure that all kinds of market entities participate in market competition on an equal footing. Only by constantly improving the legal norms of platform enterprise monopoly identification, data collection and use management, consumer rights and interests protection, and maintaining fair market competition, can the whole industry maintain innovation vitality and realize healthy development.

No rules, no square. This case investigation does not mean that the state's attitude towards encouraging and supporting the platform economy has changed. It is precisely for the purpose of better regulating and developing the platform economy, guiding and promoting its healthy development, so as to make greater contributions to the high-quality development of China's economy. It is believed that by strengthening the anti-monopoly supervision, the obstacles affecting the healthy development of the platform economy can be eliminated, and the platform economy will also usher in a better development environment.