Editorial: No Exceptions Should Be Granted in Unfair Competition
A recent meeting held by lawmakers at China’s top legislature, the National People’s Congress (NPC), to discuss the amendment to the Law Against Unfair Competition signaled an acceleration in the pace of revising the law for the first time since its introduction over two decades ago.
The Law Against Unfair Competition was first introduced in 1993 when China had just set out its key reform goal of transforming the economy from a government-planned to a market-oriented system. The law — also known as the Anti-Unfair Competition Law — at the time provided the initial legal framework to regulate market activities. But in the 24 years since, the law has been unable to keep pace with the ever-changing economy and has become more difficult to coordinate with laws that were enacted later, such as the Anti-Trust Law of 2008.
The Founder of Caixin Media
- 1Exclusive: Fallen Chief of Bad-Asset Manager Had Tons of Cash — Literally
- 2 Opinion: Trump’s China ‘Poison Pill’ May Hit Australia
- 3Shenzhen Has Billion-Dollar Bailout Plan For Local Companies
- 4Spy Camera Discovery Creates Outrage at Apartment Leasing Specialist
- 5China's Stock Rout Puts $613 Billion of Share Pledges at Risk
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas