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Overview of the Anti-monopoly Law
October 02, 2007 | BY
clpstaff &clp articlesThe PRC Anti-monopoly Law codifies existing rules and establishes a basic legal framework to build a fair, uniform, and national competition-based economic system.
By Susan Ning of King & Wood
China's new Anti-monopoly law (反垄断法 )deals with the prohibition of monopoly agreements, abuse of market power, and merger control, with 8 chapters and 57 articles. It will come into effect on August 1 2008.
On one hand, the AML bears some unique Chinese characteristics. For instance, Article 4 of the AML provides that ¡°the State shall make and implement competition rules suitable for the socialist market economy, perfect the macro control, and improve a united, open, competitive and well-ordered market system.¡±
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