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The New Anti-Unfair Competition Law of the People’s Republic of China 2018

As one of the most important legal frameworks of the modern market economy, unfair competition law must continuously adapt itself to the diversity of the economic and social reality. It is therefore surprising that the first Chinese unfair competition law, enacted in 1993, has remained in force for more than two decades, especially considering that the economic environment in China has undergone sweeping changes in a relatively short period. The new Anti-Unfair Competition Law of the People's Republic of China (PRC) was enacted on 4 November 2017. After 24 years, the first revision of the Chinese unfair competition law has brought about a complete overhaul. The overlaps with other legal regimes have been reduced, while the internal rigour of the text has been improved. However, the original issues that afflicted the 1993 Law have not all been eliminated.