Anti-monopoly Law Being Drafted

        Chinese Ministry of Commerce has submitted for approval a proposed draft of the anti-monopoly law to the State Council, which is expected to transfer it for approval to the top legislature as soon as possible, said Vice Minister of Commerce Zhang Zhigang.
        "After the legislature passes the law, support regulations will also possibly be enacted so as to promote the healthy and orderly growth of China's economy," Zhang told Xinhua in an interview Tuesday at the sidelines of the annual session of the National People's Congress (NPC).
        Preparations for making the law have been going on for 10 full years, Zhang acknowledged. The ministry has set up an office to engage in international exchanges and draft an anti-monopoly law and conduct relevant investigation.
        The NPC Standing Committee is scheduled to deliberate the draft anti-monopoly law this year, according to the committee's lawmaking agenda.(CRI)(03/09/2005)