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New Provisions Prohibit Monopoly Agreements

China's State Administration for Industry & Commerce (SAIC) released on April 27, 2009 the Relevant Provisions for Prohibiting Monopoly Agreements and the Relevant Provisions for Prohibiting Abuse of Dominant Positions (Draft for Comment) for public comments.
Under the Relevant Provisions for Prohibiting Monopoly Agreements (Draft for Comment), competitive operators are prohibited from reaching monopoly agreements to restrict the production or sales volumes of the commodities, restrict the procurement or development of new technologies and equipments, boycott the trades and etc.
Besides, the Relevant Provisions for Prohibiting Abuse of Dominant Positions (Draft for Comment) stipulated that operators with dominate positions must not cut, restrict or suspend the current transactions, or refuse new transactions with the relevant parties without any warrant.
The public-input process is scheduled to conclude on May 31, 2009.
(Source: State Administration for Industry & Commerce) (June. 1th 2009)

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