Trade secrets violators now face up to a 3 million yuan ($460,970) statutory fine, after the revised Anti-unfair Competition Law came into effect on Jan 1. The law added new rules that tackle breaches by former employees who use trade secrets in their own business or reveal them to others in the industry without authorization. Bans targeting e-commerce cover false online sales volume reporting and user comments. Online traders that fabricate data to mislead consumers in their purchase decisions can be fined up to 2 million yuan and lose their business licenses.

Source: SIPO