The Asia-Pacific Antitrust Review 2008

China: Antimonopoly Law

01 January 1900

After an epic 13-year drafting process, the National People's Congress (NPC) formally adopted China's first comprehensive competition law, the Antimonopoly Law (AML), on 30 August 2007. Substantial engagement with foreign enforcement agencies, scholars and competition law practitioners paid off: the final text of the AML clearly incorporates many principles and practices adapted from the EU, Germany, Japan, Korea, the US and Taiwan. The core provisions governing 'monopolistic conduct' (fanlongduan xingwei) by commercial entities address 'monopoly agreements' among multiple firms and abusive practices by dominant firms, and prescribe procedures for reviewing concentrations on competition grounds.

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