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
- 1Chinese Thesis Ghostwriting Scandal Reveals Huge Gray Market
- 2 State-Owned Firms to Build $6.5 Billion Petrochemical Refinery in Alberta
- 3With Latest IPhones, Apple Again Bows to the Chinese Market
- 4China Could Ban Exports of Products Crucial to U.S. Manufacturers, Former Finance Minister Says
- 5Update: China Demands Answers for Swedish Police’s ‘Brutal’ Treatment of Tourists
- 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