Reflection On Legislation On Anti-administrative Monopoly In China

The participants should be equal in law under market economy. However, traditional administrative monopoly left over from planned economy has greatly affected healthy competence in market. Moreover, with its harmfulness increasing, it not only bewilders the development of China's market economy, but also cannot keep abreast of the tendency of world's economy integration. Administrative monopoly in China has special and historical reasons. Now that regulations of WTO have been in effect in China, we should abide by its basic law principles and keep our promises to the world. But there exit many social systems contradictory to regulations of WTO, which need to be changed. Administrative monopoly exists in every country to some extent, where foreign experience can be used to eliminate administrative monopoly in China. Reforms in idea, legislation, finance, and system should be strengthened so as to change present situation, adapt to regulations of WTO at an early date and play bigger role in world's affairs.