China has dealt with 339 monopoly cases, fined and confiscated 37.9 billion Yuan and concluded 5,409 concentration cases since the country implemented its first Anti-monopoly Law in 2018, according to data revealed on August 11 at the Symposium on the 15th anniversary of the implementation of China’s Anti-monopoly Law, also the first anniversary of the implementation of its newly-revised Anti-monopoly Law. The Symposium points out that, since the implementation of China’s Anti-monopoly Law, the role of anti-monopoly in the overall economic and social development is more prominent, with a number of monopolistic acts of great repercussions severely punished and the market order for fair competition steadily improved.
Source:China Intellectual Property
