Core Insights - The State Administration for Market Regulation of China has announced progress on the third round of inspections, focusing on enhancing regulatory capabilities for new business models and ensuring food safety [1] Regulatory Developments - Continuous improvement of regulatory systems for new business models is emphasized, aiming to enhance penetrating regulatory capabilities [1] - The implementation plan for the national standard system is being expedited [1] - Ongoing revisions to the Food Safety Law are prioritized to maintain food safety standards [1] Quality and Market Oversight - There is a strong focus on comprehensive product quality supervision throughout the entire lifecycle to protect public safety [1] - Efforts are being made to establish a unified national market and improve the legal framework for antitrust regulations [1] - The development of a fair competition review system is being refined [1] Capacity Building and Information Systems - A three-year action plan is being launched to enhance the capabilities of law enforcement personnel within the market regulation system [1] - Guidelines for strengthening the capabilities of market regulation office heads are being formulated [1] - Plans are in place to complete the market regulation information technology project and to integrate existing information systems for better regulatory efficiency [1]