China amends Anti-Monopoly Law for the first time amid tech crackdown, increasing penalties and regulatory control

//China amends Anti-Monopoly Law for the first time amid tech crackdown, increasing penalties and regulatory control

China amends Anti-Monopoly Law for the first time amid tech crackdown, increasing penalties and regulatory control

China is amending its Anti-Monopoly Law for the first time since it came into force in 2008, beefing up antitrust penalties in an explicit push for more control over the digital sector.A draft amendment of the law was submitted to the Standing Committee of the National People’s Congress for a first reading last week, with the final version expected to be rolled out sometime next year.The draft significantly increases penalties, expands the discretionary power of the State Administration for…

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By | 2021-10-27T11:00:20+00:00 October 27th, 2021|Technology|Comments Off on China amends Anti-Monopoly Law for the first time amid tech crackdown, increasing penalties and regulatory control