PRC Competition Law - New Rules Provide Partial Clarification

Due to the lack of detailed implementation rules, the new Chinese Anti-monopoly law (the "AML") is still not fully enforced in China, even one year after coming into effect. To further progress the enforcement of the AML, the Chinese authorities recently promulgated several implementation rules to clarify some important issues, in respect of (1) the investigation of monopoly agreements (price-related) and abuse of a dominant position (price-related), (2) definition of relevant markets and (3) calculation of turnover for the notification of concentrations in the financial industry. This article provides you with highlights of and comments on these new rules.

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