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Home >> Business
UPDATED: 14:52, April 01, 2005
Vice Premier ironhanded on market order
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Chinese Vice Premier Wu Yi pledged at a vide conference on March 31 in Beijing to mobilize resources to regulate the market order. Major campaigns will be launched this year to secure the food safety, protect intellectual property rights and crack down commercial frauds.

In her guideline, higher market access should be there to fence out unqualified food processing businesses. Illegal minnow mills plaguing rural areas and along urban-rural boundaries should be rooted out. Food additives should be put under stringent control. The rural food market and food for children are apparently what Wu is most concerned.

Wu decided to extend the IPR campaign to the end of the year, which had been scheduled to conclude in September. Next steps will be focused on trademark cases involving food, drug and name brands, piracy, office software in municipal governments and protection of legitimate interests and rights of patent holders.

Hypes touting false information to consumers, as well as illegal clinics, will be stormed with sweeping crackdown. Commercial frauds should be detected and handled as soon as possible.

Wu stressed that a healthy market relied more on regulating and construction, rather than on crackdowns or rectification. She required that the attention be gradually shifted towards the standardizing and construction.

By People's Daily Online


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