Industry ministry targets ‘excessive’ competition in 2026
Minister of Industry and Information Technology Li Lecheng said that the comprehensive rectification of “excessive” competition will be a priority for 2026, the opening year of China’s 15th Five-Year Plan. Speaking at a meeting on Dec. 7, Li called for further deepening reforms, upholding lawful governance, strengthening industry self-discipline and enforcing regulatory responsibilities to address difficulties facing businesses. He also stressed the need to balance development and security by mitigating risks, ensuring the safety of key industrial and supply chains, and bolstering capabilities in networks, data and artificial intelligence to gain strategic initiative.
