Anti-TrustBeijing is trying to shrink the market power of its largest private sector companies in technology and real estate, updating its anti-trust regulations to cover Internet services. By contrast, the private sector is being welcomed to take part in vocational colleges that teach practical skills. While Beijing wants regulations to bind low-level officials, the top level of the ruling Communist Party has no independent check on its power. China’s anti-monopoly efforts have mainly targeted the private sector, while it has promoted the ever-larger state-owned companies in sectors such as steel and railways. That may be the case in areas dominated by the private sector.
