Antitrust Law is ratified finally
After 13 years’ discussion and drafting, Antitrust Law is finally approved by the NPC. The Law targets at three antitrust acts: monopoly agreement, abusive market domination and anti-competition concentration of operators.
The Law obviously compromises on many key issues:
1. There is only one provision against abuse of intellectual property rights, which will not have substantive effect on present disputes.
2. Administrative monopoly is barely tackled.
3. The enforcement system is also strongly attacked. No centralized enforcement is established. The Antitrust Commission of the State Council is only a coordinating body.
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