Anti monopoly law is a law formulated to prevent and stop monopoly behavior, protect fair market competition, improve economic operation efficiency, safeguard consumer interests and social public interests, and promote the healthy development of the socialist market economy. The state formulates and implements competition rules that are compatible with the socialist market economy, improves macro-control, and improves a unified, open, competitive, and orderly market system. Operators can implement concentration according to law, expand business scale and improve market competitiveness through fair competition and voluntary association.
Legal basis
Article 3 of the Anti monopoly Law The monopoly acts stipulated in this Law include:
(1) The operator reaches a monopoly agreement;
(2) Operators abuse their dominant market position;
(3) A concentration of undertakings that has or may have the effect of eliminating or restricting competition.