China Matters: PRC Government Speeds Up Process for Rule-Making Related to Pricing Monopoly to Enforce Anti-Monopoly Law
By Jenny Sheng, David Livdahl & Huiyuan Li
On 13 July 2010, the National Development and Reform Commission (the NDRC) of the Peoples Republic of China (PRC) published draft special regulations for soliciting public comments, i.e., the Draft Special Regulations for the Penalties on Illegal Pricing Activities during Abnormal Market Price Fluctuation Periods (the Draft Special Regulations). These Draft Special Regulations were part of the recent efforts by the NDRC to curb price manipulation and price related monopoly activities that are prohibited under the PRC Anti-Monopoly Law (AML).
On 25 May 2010, the State Administration for Industry and Commerce (the SAIC) issued for public comment three draft implementing rules for the PRC AML related to prohibitions against monopoly agreements, prohibitions against abuse of market dominant positions, and prohibitions against activities eliminating or restricting competitions through abuse of administrative power.