Home>News Center>China
       
 

Making of anti-trust law is speeded up
By Dai Yan (China Daily)
Updated: 2004-10-27 01:14

A leading Ministry of Commerce official has revealed that China will accelerate the drafting of an anti-trust law to guarantee a fair and orderly market.

Shang Ming, head of the ministry's anti-trust office, gave a briefing on the drafting process of the law, the first since the office was set up last month.

Shang said the anti-trust law, dubbed an "economic constitution" by legal professionals, is expected to greatly improve the country's competition legislation.

Laws currently on the statute book in this regard include the Law Against Unfair Competition, the Price Law and the Law on Tendering and Bidding.

The draft anti-trust law contains articles regulating monopoly agreements, abuse of dominant market status, large-scale consolidations and administrative monopolies, said Shang, who is also the chief of the ministry's department of treaties and law.

A draft of the anti-monopoly law has been submitted to the State Council's Legislative Affairs Office and distributed to related departments and local governments for comments, he said.

The law is on the legislative agenda of the 10th National People's Congress, whose tenure ends in 2008, but the draft requires further revision.

There are major concerns about the absence of an anti-monopoly law in China. A report by the State Administration for Industry and Commerce in May found that some multinational companies are abusing their dominant positions in order to curb competition and called for an early legislation.

Shang said one important goal of the law is to check monopolies.

But the adoption of an anti-monopoly law is not solely for the purpose of checking monopolies in the economic sphere.

In a move to rein in administrative monopolies, a major irritant for foreign companies in China, the law has devoted a special chapter to regulate government-related monopolies, Shang said.

"Administrative monopolies are a problem that more attention should be paid to in the anti-trust law," Shang said.

Administrative monopolies and local protectionism are serious in China and threaten the establishment of a national market economy.

Many local governments have a huge stake in fostering a number of local enterprises as their tax base and the source of financial revenue and have erected barriers to prevent outsiders from entering local markets.

Analysts believe Shang's remarks imply that process of legislating the anti-trust law will be accelerated.

A researcher at the Institute of Legal Studies of the Chinese Academy of Social Sciences said it is the first time the ministry has made an official comment on the drafting of the law.

The ministry is moving to be more aggressive in the sector, which indicated efforts in this regard will be intensified, said the anonymous expert.

The Ministry of Commerce set up the anti-trust office in September to improve legislation and strengthen anti-monopoly investigations.

The office, a temporary mechanism, is responsible for helping to draft the anti-monopoly law, related investigations and international communications on anti-monopoly issues.

Drafting of the anti-trust law has already lasted for a decade, but there has been numerous revisions because of controversial issues.

And the specific department responsible for the law's implementation has yet to be decided.

The Ministry of Commerce, which deals with foreign and internal trade, seems to be the most suitable authority.

But the State Administration of Industry and Commerce also has some power in this area since it oversees the implementation of the Law Against Unfair Competition, which has some anti-monopoly stipulations.



 
  Today's Top News     Top China News
 

Making of anti-trust law is speeded up

 

   
 

One-China policy key to talks with Taipei

 

   
 

Housing price up 9.9% in major cities

 

   
 

Powell remarks consistent with policy

 

   
 

Revised electoral law enhances democracy

 

   
 

Multinationals' fund flow gets easier

 

   
  Plan to rebuild Silk Road in making
   
  Changsha bus blast injures over 50 people
   
  China dismiss Galileo program for military purpose
   
  Chinese, Russian officials discuss sister city cooperation
   
  Expatriate thieves tried in Shanghai
   
  Nearly 500 police investigated for abuse of power
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Revised electoral law enhances democracy
   
Top legislature approves Electoral Law amendment
   
Draft law strives to improve public order
   
Bankruptcy law draft excludes partnership
   
US law firm expanding presence in China
   
Property law lays foundation for secure ownership
   
Beijing adopts much debated traffic rules
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 我和娇妻乱荡史| 波多野结衣1区| 国产在线国偷精品产拍| 2018天天爽天天玩天天拍| 女人18一级毛片免费观看| 中文字幕在亚洲第一在线| 日本道在线观看| 亚欧日韩毛片在线看免费网站| 欧美老熟妇乱大交xxxxx| 伊人久久大香线蕉AV一区| 精品伊人久久香线蕉| 国产v亚洲v欧美v专区| 中文字幕在线观看亚洲日韩| 最新精品国偷自产在线| 公天天吃我奶躁我的在线观看| 青青草99热这里都是精品| 国产日韩精品一区二区三区在线 | 欧美综合区自拍亚洲综合图区| 免费大片av手机看片| 精品熟女少妇av免费久久| 国产一级一国产一级毛片| 露暴的楠楠健身房单车| 国产成人亚洲综合无码| 国产在线观看麻豆91精品免费| 国产精品亚韩精品无码a在线| 8888奇米影视笫四色88me| 我的好妈妈6中字在线观看韩国| 久久国产综合精品欧美| 日韩欧美亚洲综合久久| 九一制片厂免费传媒果冻| 最近的2019中文字幕hd| 亚洲va无码va在线va天堂| 欧美专区在线播放| 免费看成人aa片无码视频吃奶| 老子影院午夜精品无码| 国产一区在线观看免费| 色综合久久天天综合观看| 国产亚洲成归v人片在线观看| 韩国19禁无遮挡啪啪无码网站| 国产在线视频专区| 香蕉啪视频在线观看视频久|