my country's antitrust law completes the fair competition of modification and protection

Xinhua News Agency, Beijing, June 24 (Reporter Zhao Wenjun) The 35th meeting of the Standing Committee of the 13th National People's Congress voted on June 24 to pass the decision on modifying the antitrust law and implemented it on August 1, 2022.

This is the first revision since the implementation of antitrust law in 2008.The revised antitrust law clearly clearly states that the state has established and improved a fair competition review system, formulated and implemented competitive rules that are compatible with the socialist market economy, and improved a unified, open, competitive, and orderly market system.Monopoly unified law enforcement work.

On the basis of summing up practical experience, the revised antitrust law improves the design of the relevant system, such as encouraging innovation while protecting fair competition in the market; clarifying operators while competing in accordance with the law;; Increased relevant regulations on personal privacy and personal information protection.The modification of the antitrust law is conducive to stabilizing market expectations, and providing operators with a good environment for fairness, transparency.

- END -