Law to protect public interests from monopoly – Qin Xiaoying

From China Daily:

The Standing Committee of the National People’s Congress is currently discussing the draft . In the view of this author, this is a landmark event in the country’s economic life, although some people think otherwise.

Some simply dismiss the draft law as beyond the ken of ordinary Chinese people, who are preoccupied with issues such as employment and incomes. Others regard it as merely a “luxury,” arguing that, as China’s market economy remains in its infancy, it will backfire if handled improperly. Others believe the law will deal a telling blow to large State-owned enterprises that dominate their respective sectors, and, therefore, pave the way for large-scale privatization. [Full Text]

For more on China Anti-monopoly Law, see the China Digital Space Anti-monopoly Law page.

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