Category Archives: News

China’s Revised Unfair Competition Law Mandates Disclosure of Individual and Corporate Unfair Competitive Practices

On November 4, the 30th Plenary Session of the 12th National People’s Congress amended the Law of the People’s Republic of China Against Unfair Competition. The amended version of the law will go into effect on January 1, 2018.

The new law will apply to all business operators, defined by article 2 paragraph 3 as “natural persons, legal persons and unincorporated organizations engaged in the production, or in the marketing of commodities, or in the provision of services (the commodities mentioned below include services)”.

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Changes in the Social Credit Black List and Red List Systems Announced

On October 30, the National Development and Reform Commission and the People’s Bank of China made initial steps to introduce fundamental changes to the black list and the red list systems.

The black list system and the red list system are two of the most important mechanisms to ensure compliance with legal obligations, technical standards, and contractual obligations by foreign and domestic enterprises, social organizations, administrative organs, and individuals.

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