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Caixin Global
Caixin Global
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Editorial: Why the Original Intent of China’s Anti-Monopoly Law Is So Important

China AML Economy State Council
The revised Anti-Monopoly Law will take effect on Aug. 1 this year. Photo: VCG

The Anti-Monopoly Law (AML) of the People’s Republic of China has been amended for the first time since its introduction 14 years ago. On June 24, the Standing Committee of the 13th National People’s Congress, China’s top legislature, decided to approve the new AML at its 35th session. The amended AML will come into effect on Aug. 1, 2022, and it’s essential to review its original intention.

There are many comprehensive revisions to the AML, such as the introduction of new systems, well-defined platform-specific rules on the economy, refinement of punishment and the overhaul of the chapter ‘Legal Liabilities.’ These changes address concerns of all sectors and makes institutional arrangements for practical problems. As there has been extensive revisions, it is important to have a comprehensive understanding the law.

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