April 9th, 2018
The state council of China issued a cabinet report during the congressional sessions in March. China government plans to reform many agencies and establish a new administration, market supervision administration. The affected agencies include the State Administration of Industry & Commerce, the General Administration of Quality Supervision, Inspection and Quarantine, and the China Food and Drug Administration. The new administration will be under the state council, and will be directly in charge of monitoring and supervising the market.