New draft aims for fairer competition

5 percent maximum amount of a firm’s annual revenue, which can be used as a fine on violators of the new draft amendment to the Anti-Unfair Competition Law

By CHENG YU chengyu@chinadaily.com.cn
BUSINESS


A draft amendment to the AntiUnfair Competition Law opened for public opinion on Tuesday, with provisions for fines ranging as high as 5 percent of a firm’s annual revenue to punish unfair competitive practices, it was announced on the website of the...

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