| China's first anti-monopoly law to be voted |
BEIJING, Aug. 24 (Xinhua) -- The Law Committee of the National People's Congress (NPC) suggested that the 29th session of the NPC Standing Committee, which convened here on Friday, examine and approve the first anti-monopoly law in the country.
The draft anti-monopoly law was submitted Friday to the 29th session of the Standing Committee of the NPC, or China's top legislature, for a third reading.
The draft bill, aiming to protect fair competition, prevent and check monopolistic behavior and maintain a regulated market place, was submitted for the first review in June 2006 and for the second review in June 2007.
The anti-monopoly law is a basic law for market economy. To date, More than 80 countries have adopted anti-monopoly laws.
China planned to stipulate the anti-monopoly law as early as 1994. Experts said China's socialist market economy has turned mature over more than one decade, and in current market circumstances, the introduction of an anti-monopoly law is imperative.
|
|
