Experts writing 1st anti-monopoly law

Chinese legal experts are speeding up enacting an anti-monopoly law, the first of its kind in China, China Radio International reported Wednesday.

At a forum on fair competition in Shanghai, an official with the State Administration of Industry and Commerce said the enactment of the anti-monopoly law will help China to maintain a market order with fair competition. The law stipulates articles against monopoly agreement, administrative monopoly and abuse of market dominative power.

China does not have an anti-monopoly law, though some other laws contain a series of articles concerning competition policy.