Jul 04, 2022 08:26 PM

OPINION

Editorial: Why the Original Intent of China’s Anti-Monopoly Law Is So Important

The revised Anti-Monopoly Law will take effect on Aug. 1 this year. Photo: VCG

The revised Anti-Monopoly Law will take effect on Aug. 1 this year. Photo: VCG

The Anti-Monopoly Law (AML) of the People’s Republic of China has been amended for the first time since its introduction 14 years ago. On June 24, the Standing Committee of the 13th National People’s Congress, China’s top legislature, decided to approve the new AML at its 35th session. The amended AML will come into effect on Aug. 1, 2022, and it’s essential to review its original intention.

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