Tan Wei, Dec 10, 2012
CPI Asia Column edited by Vanessa Yanhua Zhang (Global Economics Group) presents:
Since China’s Anti-Monopoly Laws (“AML”) bill passed in 2008, competition policy in China is thoroughly analyzed by antitrust practitioners around the world. The rulings by the Chinese antitrust enforcement agencies are often compared with rulings by competition authorities in developed economies. These comparisons may not properly take into account the major distinction of the Chinese economy. Namely, China’s economy is still in the transition from a planned economy to a market economy. As such, state owned enterprises (“SOEs”) play a much bigger role in China than in developed economies.