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Politics

China party meeting vows to block monopolies, with eye on tech giants

Leaders agree to 'prevent disorderly capital expansion' next year

Chinese President Xi Jinping presided over the Central Economic Work Conference where Communist Party leaders agreed to intensify anti-monopoly supervision and prevent disorderly capital expansion next year.   © Reuters

BEIJING -- Chinese officials proposed tougher antitrust restrictions at a key economic planning meeting on Friday, as President Xi Jinping's government targets the growing power of the country's technology groups.

Efforts will be made to intensify anti-monopoly supervision and prevent disorderly capital expansion next year, according to a statement released following the Central Economic Work Conference held from Wednesday to Friday.

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