June 24 The Standing Committee of the National People’s Congress passed the amendment to the anti-monopoly law of the people’s Republic of China. The new anti-monopoly law defines the basic status of competition policy and the legal status of the fair competition review system. The state has established and improved the fair competition review system. Further improve the relevant anti-monopoly systems: add provisions that operators shall not abuse data, algorithms, technology, capital advantages and platform rules to exclude and restrict competition (Article 3); Stipulate that business operators shall not organize other business operators to reach monopoly agreements or provide substantiveRead More →
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