The Anti-Monopoly Law Was Formally Implemented In August 1St.
Li Lei, director of the price supervision and inspection division of the State Development and Reform Commission in July 31st, said 31, the anti trust law, which will be implemented in August 1st, will provide a new law enforcement basis for price regulation, cracking down on price monopoly agreements, abusing the dominant market position and abusing administrative power to eliminate or restrict competition in Beijing.
In an exclusive interview with Xinhua news agency, the responsible person said that the "anti monopoly law" is an important law protecting market competition, maintaining market competition order and giving full play to the basic role of market allocation of resources.
Its promulgation and implementation symbolizes the further improvement and perfection of China's socialist market economic system and the socialist legal system with Chinese characteristics. It is a major event in China's economic life and legal system construction, and is of great significance to China's price regulation.
He said that the anti-monopoly law has created many new systems on the basis of widely absorbing the domestic and foreign legislative achievements, further strengthened the means of law enforcement, increased the punishment intensity, and had strong maneuverability, which made up for the shortage of the price law.
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