Core Points - The newly revised Anti-Unfair Competition Law officially takes effect on October 15, aiming to enhance market competition rules and optimize the business environment [1][3] - The law targets "involutionary" competition, particularly in the platform economy, to promote healthy market practices and prevent low-quality competition [2][4] - It emphasizes the protection of small and medium-sized enterprises (SMEs) against unfair practices by larger companies, ensuring fair competition opportunities [4][5] Group 1: Market Competition and Regulation - The revised law establishes a fair competition review system to ensure all types of operators can participate fairly in the market [2][3] - It strengthens regulations against practices such as forced low-price sales by platform operators, which disrupt market order [2][4] - The law aims to break down industry barriers and market entry restrictions, fostering a more vibrant market environment [3] Group 2: Protection of SMEs - The law prohibits large enterprises from abusing their advantages to impose unreasonable payment terms on SMEs, addressing the imbalance in competition [4][5] - It provides specific protections for SMEs to counteract disadvantages arising from resource and capability disparities [4][5] - The focus on SME rights aligns with broader economic policies to promote fair market participation [4][5] Group 3: Digital Economy and New Regulations - The law addresses challenges in regulating unfair competition in the digital market, reflecting the rapid development of the digital economy [6][7] - New provisions include prohibiting improper data usage and malicious transactions in the online space, enhancing regulatory precision [7] - The revisions aim to adapt to innovative competition methods emerging from new technologies and business models [6][7]