From China Currents (Fall 2007):
After decades of debate, China enacted its long-awaited Anti-Monopoly Law on August 30, 2007, the first comprehensive antitrust law in history of the People’s Republic. The law was the product of a result of input from Chinese agencies, academics and foreign commentators, including antitrust enforcement officials, academics, economists, and practitioners. While the law is a major step in establishing a system of commercial law consistent with international norms, the text and the system that will interpret and apply it raise serious concerns about whether the law will, in practice, be used primarily to protect competition and consumer welfare in China, or whether it will be used as a protectionist device to favor State Owned Enterprises and privatized indigenous companies in Chinese markets. [Full Text]
Read also China Promulgates Anti-monopoly Law to Establish Economic System to Foster Fair Competition by Susan Ning and Ding Liang, and New Chinese Anti-Monopoly Law by Peter J. Wang.
