China’s top legislature to review Anti-Monopoly Law, listing specific requirements for platform companies

China‘s Anti-Monopoly Law will be reviewed during the 35th meeting of the National People’s Congress (NPC) Standing Committee to be held on June 21, which will discuss specific requirements for internet-based platform operators, said the Legislative Affairs Commission of NPC Standing Committee spokesperson Yang Heqing on Thursday.

The draft of the Anti-Monopoly Law is awaiting further review with possible changes expected to include that platform operators cannot expand their market position, or rely on algorithmic, technical, financial, or commercial means to seek unfair market advantages.

China’s State Council recently issued a series of policies with the aim of stabilizing the domestic economy, vowing to support the development of the platform economy while ensuring appropriate market order.

Yang suggested that the review of the draft of Anti-Monopoly Law will be based on the central government’s policy agenda, and contain both general and specific measures.

The NPC Standing Committee meeting will be held from June 21 to 24 in Beijing, and will review eight laws covering anti-monopoly, sports, agriculture, and other issues.

Source: Global Times

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