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The Chinese National People’s Congress adopts its first antimonopoly law

On August 30, the Standing Committee of the National People’s Congress adopted the Antimonopoly Law of the People’s Republic of China (the “AML”) after 13 years of drafting and deliberation and much anticipation by companies active in the Chinese market or competing against Chinese producers. The AML in many respects reflects the broad global consensus that has emerged over the last two decades on the scope and reach of competition law. Its principles and terminology will not be unfamiliar to anyone with basic exposure to U.S. and European antitrust rules. The most important questions about the new AML, however, are not answered by the statutory language itself - how the State Council will establish standards for merger review, how geographic and product markets will be defined, with

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Authors

  • Pillsbury Winthrop Shaw Pittman (Beijing)
  • Paul Hastings (Beijing)

Quotation

David A. Livdahl, Huawei Lin, The Chinese National People’s Congress adopts its first antimonopoly law, 30 August 2007, e-Competitions August 2007, Art. N° 74796

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