China quickens legislation on anti-monopoly law

From Xinhua:

The draft of China’s has been finished and is now under revision and deliberation, Li Dongsheng, deputy director general of the State Administration for Industry and Commerce, said here Tuesday.

The Anti-Monopoly Law, once approved, would cover many industries and sectors and focus on issues like regional blockades and administrative monopoly, Li said at an international symposiumon competitive policies and legislation.

According to Li, its preparation work was initiated in 1994 in an effort to fill the country’s lacuna in competition-related legislation.

Currently, only the Anti-Unfair Competition Law enacted in 1993 and a few articles of Trademark Law, Advertising Law and Price Law contain elements against unfair competition.

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