The Chinese government has revised the Antimonopoly Act by making it heavier to dispose of violating companies, and has further strengthened regulations with giant IT companies in mind.
However, the tightening that has been strengthened so far also shows a stance of separating, and the future operation of the law will be the focus.
In China, the Standing Committee of the National People's Congress passed and passed an amendment to the Antimonopoly Act on the 24th, which will come into effect on August 1.
Among these, we will make heavy punishment for illegal activities, such as significantly increasing the amount of fines if a company does not take necessary procedures when acquiring another company.
In addition, it is newly stated that it is prohibited to use the data and technology owned by the company for exclusive acts, keeping in mind the huge IT company that is becoming more influential.
The Chinese government has fined over 300 billion yen in Japanese yen last April for the largest online shopping company, Alibaba Group, for violating the Antimonopoly Act. I have strengthened the tightening.
However, Xi Jinping's leadership has also shown a stance of severing the tightening, such as showing a policy of "promoting sound development and completing special improvements" at the Communist Party meeting held in April. The future operation of the law will be the focus, as the ripples have spread outside.