Mooted anti-monopoly law 'to benefit all businesses'.

(From China Daily)

Domestic and foreign-invested businesses will benefit from China's future anti-monopoly legislation, a senior legislative official said yesterday. The National People's Congress (NPC) Standing Committee official, who refused to be identified, said: "The primary basis for anti-monopoly legislation is to ensure that competition in the market does not stall." He said all enterprises are left in very difficult situations once one group corners the market.

China does not have a single anti-monopoly law at the moment, but has specific regulations scattered among other legislation that ban such an outcome, the official said. And China has enforced a series of laws and regulations to ensure fair market competition, including a code outlawing unfair competition in 1993 and a price law in …