China's New Antimonopoly Law Takes Effect

Ronald A. Cass, U.S. International Trade Commission | July 31, 2008

Tomorrow China's new antimonopoly law takes effect. ++ At a formal level, it is comparable to the laws in the US and the EU, but its implementation will not be as simple. ++ The US encourages competition in the marketplace; EU, on the other hand, strives to keep booming businesses from being too successful - Chinese law resembles the European system. ++ Moreover, the formulated goals such as the advancement of "the socialist market economy” and an "open, competitive and orderly market system" might be incompatible.