Timeline

· 2018: The State Administration for Market Regulation was established to unify China's antimonopoly functions, which had been scattered across three ministries－the State Administration for Industry and Commerce, the Ministry of Commerce and the National Development and Reform Commission.

· April 2021: The State Administration for Market Regulation imposed a record fine of 18.23 billion yuan ($2.86 billion) on e-commerce giant Alibaba Group for monopolistic behavior.

· October: China proposed major changes to its Antimonopoly Law.

· November: China's antimonopoly bureau was officially set up.