The "Anti-Monopoly Law of the People's Republic of China" (referred to as the "Anti-Monopoly Law"), known as the "China Economic Constitution," was officially implemented on August 1. According to the law, it is illegal to abuse monopoly status in China, undermine the market's fair competition atmosphere and affect consumers' rights and interests.
China’s Anti-Monopoly Law was included in the legislative process at the Eighth National People’s Congress in 1994, until the twenty-ninth meeting of the Tenth National People’s Congress Standing Committee on August 30 last year. The completed law was passed with a high vote (150 votes in favor, 2 abstentions). President Hu Jintao signed the Presidential Decree No. 68 to order that the law be implemented on August 1, 2008. The Anti-Monopoly Law lasted for 14 years from the beginning to the introduction.
The purpose of the State's introduction of the Anti-Monopoly Law is "to prevent and suppress monopolistic behavior, protect fair competition in the market, improve economic efficiency, safeguard consumer interests and public interests, and promote the healthy development of the socialist market economy." This is clearly stated in the first article of the General Principles of the Law.
The implementation of this "economic constitution" will have a profound impact on China's economic construction. Foreign media commented that the implementation of the Anti-Monopoly Law will enable China to further deepen the reform of the market economy and at the same time better protect consumer rights.
SMEs in the lighting industry have another opportunity to develop
It can be expected that the implementation of the Anti-Monopoly Law will effectively curb market monopoly behavior in China and help SMEs compete fairly with large companies. For small and medium-sized enterprises in China's lighting industry, it will help them get rid of the disadvantages of technology, capital, brand, etc., and make the company bigger and stronger.
Some experts said in an interview that China's lighting industry is mostly private small and medium-sized enterprises. Compared with those domestic large enterprises and overseas multinational enterprises, these enterprises have certain gaps in technology, capital and brand; Although these companies have realized this gap and strengthened the strength of brand building and technological innovation, this gap has not been able to significantly reduce the implementation of the Anti-Monopoly Law, which can effectively inhibit and prevent large enterprises. The market monopoly behavior also provides legal protection for small and medium-sized lighting enterprises. Under the premise of not violating the regulations of the bill, all small and medium-sized enterprises can jointly develop together and ultimately achieve the goal of cooperation and win-win.
It is understood that there are currently 90 countries in the world that have enacted and implemented anti-monopoly laws. The Sherman Act, which was born in the United States in 1890, is the world's first anti-monopoly law. In China, the anti-monopoly law is still a brand-new legal system. It opposes the monopolistic behavior in economic activities, not the monopoly enterprise itself.
China’s Anti-Monopoly Law was included in the legislative process at the Eighth National People’s Congress in 1994, until the twenty-ninth meeting of the Tenth National People’s Congress Standing Committee on August 30 last year. The completed law was passed with a high vote (150 votes in favor, 2 abstentions). President Hu Jintao signed the Presidential Decree No. 68 to order that the law be implemented on August 1, 2008. The Anti-Monopoly Law lasted for 14 years from the beginning to the introduction.
The purpose of the State's introduction of the Anti-Monopoly Law is "to prevent and suppress monopolistic behavior, protect fair competition in the market, improve economic efficiency, safeguard consumer interests and public interests, and promote the healthy development of the socialist market economy." This is clearly stated in the first article of the General Principles of the Law.
The implementation of this "economic constitution" will have a profound impact on China's economic construction. Foreign media commented that the implementation of the Anti-Monopoly Law will enable China to further deepen the reform of the market economy and at the same time better protect consumer rights.
SMEs in the lighting industry have another opportunity to develop
It can be expected that the implementation of the Anti-Monopoly Law will effectively curb market monopoly behavior in China and help SMEs compete fairly with large companies. For small and medium-sized enterprises in China's lighting industry, it will help them get rid of the disadvantages of technology, capital, brand, etc., and make the company bigger and stronger.
Some experts said in an interview that China's lighting industry is mostly private small and medium-sized enterprises. Compared with those domestic large enterprises and overseas multinational enterprises, these enterprises have certain gaps in technology, capital and brand; Although these companies have realized this gap and strengthened the strength of brand building and technological innovation, this gap has not been able to significantly reduce the implementation of the Anti-Monopoly Law, which can effectively inhibit and prevent large enterprises. The market monopoly behavior also provides legal protection for small and medium-sized lighting enterprises. Under the premise of not violating the regulations of the bill, all small and medium-sized enterprises can jointly develop together and ultimately achieve the goal of cooperation and win-win.
It is understood that there are currently 90 countries in the world that have enacted and implemented anti-monopoly laws. The Sherman Act, which was born in the United States in 1890, is the world's first anti-monopoly law. In China, the anti-monopoly law is still a brand-new legal system. It opposes the monopolistic behavior in economic activities, not the monopoly enterprise itself.
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