On Aug. 30, 2007, China’s National People’s Congress adopted the Anti-Monopoly Law (AML), the first ever comprehensive competition law in the largest emerging market in the world. This was the culmination of 13 years of legislative effort and debate since the first draft of this law was originally conceived. What are the essentials of China’s emerging antitrust legal regime? The following are the 10 key things that you should know about this area.

1. A Western Style Competition Law With Chinese Characteristics