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State Administration for Market Regulation to Revise Price Law and Other Regulations, Strictly Investigate Algorithm-related Violations
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The State Administration for Market Regulation is actively advancing revisions to the "Price Law of the People's Republic of China", the "Metrology Law of the People's Republic of China", the "Regulations of the People's Republic of China on Certification and Accreditation", and the "Regulations of the People's Republic of China on the Administration of Production Licenses for Industrial Products". By improving laws and regulations in areas such as anti-monopoly, anti-unfair competition, pricing, standards and quality supervision, it aims to provide legal support for further advancing the development of a unified national market. At the same time, the "Provisions on Discretion in Administrative Penalties for Market Regulation" is being formulated to guide local authorities in further optimizing discretion benchmarks and promoting strict, standardized, fair and civil law enforcement. Authorities will also continue to review difficult issues in grassroots enforcement and draft the "Guidelines on Certain Difficult Legal Issues in Market Regulation (II)", in order to address enforcement bottlenecks at the grassroots level and help remove obstacles hindering the unified national market. The authority will deploy special enforcement actions against unfair competition. Focusing on key areas such as the platform economy, people's livelihood and technological innovation, it will comprehensively apply various anti-unfair competition measures to tackle "involution-style" competition and promote a market order featuring quality products at reasonable prices and healthy competition. During the special enforcement campaign, the authority will enhance routine supervision of online unfair competition, strictly regulate various forms of online unfair competition conducted through data and algorithms, technologies and platform rules, and safeguard the lawful rights and interests of business operators, consumers and especially all participants on platforms in accordance with the law. It will also carry out full-chain enforcement and penetrating supervision targeting unfair competition practices that have drawn high public attention and strong complaints, so as to effectively maintain a fair competitive market environment. Efforts will also be made to strengthen the protection of trade secrets. (jl/da) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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