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Anti-Monopoly Law of the People's Republic of China

Also Known As China AML

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Adopted by the Standing Committee of the 10th National People's Congress on 30 August 2007 and effective 1 August 2008, this is China's primary competition-law statute, enacted to prevent and restrain monopoly, protect fair competition, encourage innovation and safeguard the interests of consumers and the public. Enforcement has centralized in the State Administration for Market Regulation since 2018. A first amendment, adopted 24 June 2022 and effective 1 August 2022, added a merger-review stop-the-clock mechanism, a safe harbor for certain vertical agreements, platform-specific competition rules, and substantially increased penalties, including individual liability for those who organize or facilitate monopoly agreements.

This Law is enacted for the purpose of preventing and restraining monopoly, protecting fair competition in the market, encouraging innovation, enhancing economic efficiency, safeguarding the interests of consumers and the public, and promoting the healthy development of the socialist market economy, per Article 1 of the statute.

Facts
Era
2007 CE, effective 2008, amended 2022 1
Promulgated By
Standing Committee of the National People's Congress of China 1
Jurisdiction Scope
People's Republic of China 1
Regulatory Domain
Antitrust and competition 1
Cross-Tradition Connections

Associated With

Sherman Antitrust Act, Regulations

Both statutes are national antitrust and competition-law regimes, though China's law arose more than a century after the Sherman Act and within a different legal-family lineage.

Sources
1. Anti-Monopoly Law of the People's Republic of China, 2022 (Wikisource)
WikisourceArticle 1
Quote, Article 1
This Law is enacted for the purpose of preventing and restraining monopoly, protecting fair competition in the market, encouraging innovation, enhancing economic efficiency, safeguarding the interests of consumers and the public, and promoting the healthy development of the socialist market economy.
1. Anti-Monopoly Law of the People's Republic of China, 2022 (Wikisource)
WikisourceAssociated With: Sherman Antitrust Act
Anti-Monopoly Law of China (Wikipedia)
Wikipedia
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