China Anti-monopoly Law Bears Fruit
2018 is the tenth anniversary of the implementation of China's Anti-Monopoly Law and the Supreme People's Court (SPC) opened a seminar on Nov 16 to review its achievements in the ten years.
The Anti-monopoly Law has been heralded by the central government as an important move to improve market transparency and create a fair competition environment.
According to Song Xiaoming, president of the SPC's Intellectual Property Tribunal, courts in China have accepted and enforced 700 civil lawsuits related to anti-monopoly by the end of 2017, 630 of which have been concluded.
The cases cover various fields including traffic, insurance, medicine, food and information networks.
For the past ten years, China's courts at various levels strictly enforced the law and kept improving and optimizing related regulations to stop monopolies and maintain fair competition, said Tao Kaiyuan, vice-president of the SPC at the seminar.
Also present at the meeting were delegates from local courts and central government departments like the Legislative Affairs of the NPC Standing Committee, the State Administration for Market Regulation, deputies to the National People's Congress and Chinese People's Political Consultative Conference members, and scholars and legal experts.