Anti-Monopoly Law (China)

Anti-Monopoly Law in China, enacted in 2008, aims to promote fair competition and prevent monopolistic practices that could harm consumers and the economy. It prohibits businesses from abusing market dominance, engages in price-fixing, or merging in ways that reduce competition. The law empowers the government to investigate and penalize companies that violate these rules, ensuring a competitive market landscape. By enforcing these regulations, China seeks to foster innovation, protect consumer rights, and create a balanced economic environment where businesses can thrive without unfair advantages.