Lawyers Cheer China's Anti-Monopoly Law

Law360, New York (August 30, 2007, 12:00 AM EDT) -- After 13 years in the making, China finally established its anti-monopoly law this week. Though the initial reaction has been positive, some aspects of the new law still give rise to caution, lawyers say.

China was, until Thursday, the world’s largest economy without a formal anti-monopoly law. The first mention of antitrust laws in China were put forward almost 20 years ago, but the government did not announce substantial plans to update antitrust legislation until 1994.

Now, after winning 150 out of 153 votes in the...
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