NPC Standing Committee OKs Antimonopoly Law amendment
which will take effect on August 1 this year
By Cheng Yu
The Standing Committee of the 13th National People's Congress, China's top legislature, approved on June 24 the amendment to the Antimonopoly Law, which will take effect on August 1 this year.
Under the law, China will establish and improve the review system on fair competition and formulate and implement competition rules compatible with the socialist market economy.
The antimonopoly law enforcement department of the State Council, China's Cabinet, will be responsible for the unified law enforcement work on antimonopoly.
The country will build and improve the market system that is unified, open, competitive and orderly, according to the law.
Read The Whole Passage
First, please LoginComment After ~