In this issue:
Assessing China’s Antimonopoly Law
In spite of the overall positive impression that the AML has made, certain aspects of the law are not satisfactory. This article focuses on three areas where structural shortcomings exist.
This article first examines how the AML deviates from international competition law norms and then discusses the potential effectiveness of the law as well as the challenges to its enforcement mechanism.
Foreign governments and the global business community are closely watching how the Peopleâ€™s Republic of China will enforce the new AML. Clearly, the Chinese government fully understands the importance of fostering innovation in its economy.
The AML presents major challenges with respect to enforcement. China’s ability to enforce the AML in a fair, comprehensive, and transparent manner will affect the development of China’s economy including, but not limited to, foreign investment.
From the perspective of substantive law, in this article I give a brief overview of the three pillars of China’s new Antimonopoly Law. In the last