China will set up a state market regulatory administration, according to a plan submitted to the national legislature for deliberation on Tuesday.[Special coverage]
Responsibilities of the administration include comprehensive market supervision and management, market entity registration and market order maintenance.
Functions of the State Administration for Industry and Commerce, the General Administration of Quality Supervision, Inspection and Quarantine, and the China Food and Drug Administration will be incorporated into the new administration, according to the plan on institutional restructuring of the State Council submitted to the first session of the 13th National People's Congress.
