The "Decision of the Central Committee of the Communist Party of China on Several Major Issues in Comprehensively Promoting the Rule of Law" clearly states that "the socialist w88 online sports betting economy is essentially a rule of law economy." This discussion objectively and fully reveals the inherent consistency between the w88 online sports betting economy and the rule of law economy, and provides clear ideas for the reform of my country's economic system and the improvement of the w88 online sports betting economy.

First of all, the rule of law is the guarantee for the good operation of the w88 online sports betting economy. "Let the w88 online sports betting play a decisive role in resource allocation" is one of the most important statements of the Third Plenary Session of the "Decision of the Central Committee of the Communist Party of China on Several Major Issues Concerning Comprehensively Deepening Reform". The strong emphasis on "law-based economy" in the Fourth Plenary Session of the Central Committee of the Communist Party of China is a strong guarantee for the profound discussion of the Third Plenary Session of the Central Committee of the Communist Party of China. The core characteristics of a modern w88 online sports betting economy are to protect private property rights, maintain freedom of contract, unify and open the w88 online sports betting, promote fair transactions, and actively and effectively supervise. The above characteristics stem from the inherent laws of the w88 online sports betting economy, and the realization of w88 online sports betting laws calls for good legal governance. The decision of the Fourth Plenary Session of the CPC Central Committee emphasized that "good laws are the prerequisite for good governance" and that the rule of law is rooted in good laws and that the establishment of a fundamental governance structure that contains good laws will provide a strong guarantee for the continued stability of the dynamically evolving w88 online sports betting economy.

Secondly, the rule of law is the guarantee for properly handling the relationship between the government and the w88 online sports betting. The "Decision" of the Third Plenary Session of the Central Committee of the Communist Party of China clearly stated that "it is forbidden if the law does not authorize it, and it can be done if the law does not prohibit it", which established the basic principles for handling the relationship between the government and the w88 online sports betting. The "Decision" of the Fourth Plenary Session of the Central Committee of the Communist Party of China will help further standardize the government's administrative behavior in the process of clarifying the relationship between the government and the w88 online sports betting, help the government strengthen w88 online sports betting thinking and respect w88 online sports betting behavior, and help a series of substantive and procedural legal systems such as the Budget Law, Competition Law, Administrative Procedure Law and Administrative Litigation Law to better function. Furthermore, with the deepening of reform and the adjustment of the boundary between the government and the w88 online sports betting, government functions are particularly required to shift from focusing on ex-ante approval to establishing and improving an active and effective interim and ex-post supervision mechanism in accordance with the law. Only the rule of law can truly grasp the "degree" of the relationship between the government and the w88 online sports betting.

Thirdly, the rule of law is the guarantee for fair competition among w88 online sports betting entities. The formation and establishment of w88 online sports betting entities depends on the formation of civil society and the protection of civil and commercial laws. On this basis, a fair competitive environment is needed for w88 online sports betting entities to effectively participate in competition and innovation. If competition brings prosperity, then only competition guaranteed by the rule of law can bring sustained prosperity. The Decision of the Fourth Plenary Session of the CPC Central Committee will promote the creation of a fair competitive environment, promote fair competition between state-owned enterprises and non-public enterprises, improve the efficiency of the w88 online sports betting economy, promote economic innovation, and ensure the normal operation of the w88 online sports betting mechanism. The reorganization of the competition order should also implement the competition legal system arrangements that are guided by the spirit of the rule of law. In addition, the "Decision" of the Fourth Plenary Session of the Central Committee of the Communist Party of China emphasized "ensuring judicial fairness and improving judicial credibility", which also promotes the realization of fair competition protection from the perspective of the rule of law by providing fair relief to w88 online sports betting entities through the courts.

“The socialist w88 online sports betting economy is essentially a law-based economy.” There is no doubt that this statement decided by the Fourth Plenary Session of the Central Committee of the Communist Party of China is of far-reaching significance and has great theoretical and practical value. It not only embodies the modern rule of law thinking that limits public power and protects private rights in parallel, but also injects new vitality and impetus into my country's improvement of the socialist w88 online sports betting economy and the improvement of the socialist rule of law.

(The author is director of the Competition Law Center and professor of law at the w88 casino)

China.com:http://news.china.com.cn/live/2014-11/06/content_29706545.htm

Reprinted by People’s Daily Online:http://legal.people.com.cn/n/2014/1106/c188502-25987472.html

Reprinted by Xinhuanet:http://news.xinhuanet.com/politics/2014-11/06/c_1113144066.htm

Reprinted by Legal Network:http://www.legaldaily.com.cn/commentary/content/2014-11/06/content_5835901.htm?node=33188