The Latest Revised Anti-Unfair Competition Law of the People's Republic of China Gets Approval

2017/11/15

On November 4, the latest revised Anti-Unfair Competition Law of the People's Republic of China is approved by Standing Committee of the National People's Congress’s vote which will be effective on January 1st, 2018. Anti-Unfair Competition Law of the People's Republic of China is an important law among the law system of China socialist market economy. The purpose to revise this law is to adapt changes of China’s economical and social development and further improve related regulations and rules aiming at new circumstances and problems of unfair competition behaviors which is beneficial to regulate market competition order and protect legal interests of sellers and consumers.