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China will prevent platform monopolies and disorderly expansion of capital, Xi says – Metro US

China will prevent platform monopolies and disorderly expansion of capital, Xi says

Meeting to commend role models in China’s fight against the
Meeting to commend role models in China’s fight against the coronavirus disease (COVID-19) outbreak, at the Great Hall of the People in Beijing

BEIJING (Reuters) – China will prevent monopolistic behaviours by internet platform companies and the disorderly expansion of capital, state Xinhua News Agency quoted president Xi Jinping as saying on Tuesday.

China will also correct practices that impede fair competition, Xi said, according to the Xinhua report. 

(Reporting by Yilei Sun and Brenda Goh; Editing by Andrew Heavens)