Financial Wire

China Seeks More Competition Oversight in Power, Energy Storage Sectors

Chinese authorities asked companies to resist unreasonable pricing and unfair competition to ensure a healthy market environment for the power and battery energy storage sector, Xinhua News Agency reported Thursday.The Ministry of Industry and Information Technology, the National Development and Reform Commission, the State Administration for Market Regulation, and the National Energy Administration issued the guidelines.The agencies also sought improved product quality supervision, efforts against intellectual property violations, and measures to address the spillover of competition into overseas markets, the report said.

-- Chinese authorities asked companies to resist unreasonable pricing and unfair competition to ensure a healthy market environment for the power and battery energy storage sector, Xinhua News Agency reported Thursday.

The Ministry of Industry and Information Technology, the National Development and Reform Commission, the State Administration for Market Regulation, and the National Energy Administration issued the guidelines.

The agencies also sought improved product quality supervision, efforts against intellectual property violations, and measures to address the spillover of competition into overseas markets, the report said.