China's State Administration of Industry and Commerce tackled a
total of 319,000 cases of violation of economic laws and
regulations in the first half of this year, up more than 30 percent
over the same period last year, involving a lump sum of about 4.89
billion yuan.
Sources say that among the above-said cases, cases of illegitimate
competitions increased by 46 percent with the value almost
doubled.
The Administration also prosecuted 1879 smuggling cases with the
case value approaching 640 million yuan and fines imposed 110
million yuan. The number declined from the same period last year.
According to analysis, among the perpectrators of the economic
crimes in the first six months, the number of crimes committed by
joint-stock companies and foreign-funded enterprises dropped while
the number of those by joint ventures surged by the largest
margin.
Besides, the administrations for industry and commerce handled more
than 190,000 complaint cases reported by the consumers, among which
88 percent were finally settled with 534 million yuan of economic
losses retrieved.
(people's Daily)