Anti-monopoly efforts

China is ramping up anti-monopoly law enforcement, a move that serves the country's pursuit of building a rule- and competition-based market economy.

Early this month, anti-trust regulators fined six dairy firms, mostly foreign, for alleged illegal pursuit of higher market shares through "vertical monopoly".

Vertical monopoly refers to behavior of a company that controls its production and distribution channels to forbid price cuts and prevent competition in the market.