China Enhances Anti-Unfair Competition Legal Framework

China's State Administration for Market Regulation has issued a notice to further implement the Anti-Unfair Competition Law, according to Jin10. The notice emphasizes the need to improve the legal framework for anti-unfair competition, aiming for a transparent and predictable system. It seeks alignment with high-level international trade rules, enhancing regulatory transparency and corporate compliance. The notice also calls for summarizing regulatory experiences and drafting regulations to prohibit unfair online competition. Additionally, it aims to revise rules against imitation and commercial bribery, providing guidance for administrative enforcement. The initiative includes publishing industry market price and competition behavior assessment reports to foster healthy competition and develop a comprehensive anti-unfair competition policy toolkit.