Anti-Trust Law amendment to check monopoly

According to the work report of the National People's Congress Standing Committee released on Monday, the top legislature of the country is amending five laws, including the Anti-Trust Law.

The work plan of the NPC Standing Committee three years ago first talked about amendment to the Anti-Trust Law, which was enacted in August 2008. The wide attention the law's amendment has attracted from society speaks volumes of its necessity. The fast changing market and economy have provided lawmakers meaningful references for revising the law.

In December, the Central Economic Work Conference asked the relevant authorities to fight monopoly and unfair competition, defining it as an inherent requirement for the betterment of the socialist market economy and higher-quality development. The Government Work Report this year also says anti-monopoly measures are key to safeguarding fair competition.