From Wall Street Journal:
China’s fledgling antitrust legislation is being hobbled before it even takes off.
With just days left before its antimonopoly law takes effect on Aug. 1, China’s government is still hashing out, behind closed doors, how to enforce new prohibitions against cartels, price fixing and other anticompetitive behavior. Government agencies, reluctant to yield their powers, are divided over how the law will be enforced and by whom, lawyers and scholars say.
Foreign companies in China are worried continued infighting will lead to inconsistent enforcement of a law that gives regulators broad powers over business.
At the same time, domestic advocates of a robust competition policy fear the new law will do little to liberalize Chinese markets controlled by large, state-owned companies.
Read also U.S. watches closely as China antitrust law nears by Diane Bartz.
