Anti-Monopoly Law of the People's Republic of China

The Anti-Monopoly Law of the People's Republic of China, enacted in 2008, aims to promote fair competition and prevent monopolies in the market. It regulates business practices that could hinder competition, such as price-fixing, market division, and abuse of market dominance. The law applies to companies operating in China, regardless of their country of origin. Its key objectives are to protect consumer interests, encourage innovation, and ensure a dynamic economy. Enforcement is carried out by the State Administration for Market Regulation (SAMR), which investigates and penalizes anti-competitive behavior.