Fair Competition Review – key step in competition policy
On 14 June 2016, China’s State Council published on its website the Opinions on Establishment of the Fair Competition Review Mechanism in the Development of Market System (“Opinions”). The introduction of the fair-competition review mechanism represents a landmark progress in developing market economy in China. According to the Opinions, Chinese government departments at different levels shall conduct a fair-competition review during the formulation of policies and regulations starting from July 2016. This article deals with the fair competition review, including the background, fair competition review mechanism in the Opinions and so on.