Home / Knowledge / News / Antitrust law implemented
Antitrust law implemented
05
Aug '08
China implemented the 'antitrust law', which has been one of the major topics of discussions in past several months, on August 1, 2008.

This law protects fair competition and abusive behavior by companies in dominant position. It also keeps a close check on mergers, joint ventures and acquisition in order to ensure fair-play and healthy competitive spirit.

However, this law is not a barrier for enterprises to grow bigger in terms of both size and influence and hold strong position in the market.

Ever since the Government announced its plans to adopt this law, transnational companies enjoying dominant positions in their industries have been aggressively preparing for it.

They are consulting international law firms and conducting in-house legal preparation and training.

Experts explained that the implementation of antitrust law showed the global investors that commercial environment provided by China was safe and fair. It doest not stop growth but only protects the interest of the consumers.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 28th Apr 2017

Fix 5% GST rate for textile goods: Textile bodies

Uniform levy of 5 per cent Goods and Services Tax (GST) on all...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Courtesy: Williamsburg Garment Company

Fashion | On 28th Apr 2017

'We have grown by staying small & maximising efforts'

The easiest way to go out of business is to be too big or expand too...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X