BEIJING - China will continue its crackdown on monopolies to ensure fair competition,Premier Li Keqiang said in a report released ahead of the start of the annual session of parliament on Saturday .
Li said the government, whose recent crackdowns on industries from e-commerce to private education has roiled global markets, would continue to improve "regulatory rules." "We will act quickly to improve regulatory rules for key industries, emerging sectors, and sectors with foreign involvement and introduce new measures to make regulation more targeted and more effective."In supportive measures, the government said it would raise the tax deduction coverage for small and medium science and tech enterprises from 75 per cent to 100 per cent, and support more foreign investment in medium- and high-end manufacturing and R&D.