China Seeks More Deterrence Power For Its Anti-Monopoly Law

On the first business day of Year 2020, China published for public comments a draft revisions to its Anti-Monopoly Law ("Draft Revisions"). The Draft Revisions contemplates a number of important changes to the current Anti-Monopoly Law ("AML") which has been in effect since 1 August 2008.

1. An Overview of the Draft Revisions

The AML has 57 articles set out in 8 chapters. Comparatively, the Draft Revisions proposed 64 articles set out in 8 chapters. The Draft Revisions proposed the following amendments to the AML:

Chapter 1: General Provisions

(1) Article 1 of the Draft Revisions proposes to insert "the encouragement of innovation" among the other existing aims of the AML.