The Evolution of China’s Anti-Monopoly Law
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The Evolution of China’s Anti-Monopoly Law

Xiaoye Wang

China's Anti-Monopoly Law (AML) is one of the youngest and most influential antitrust laws in the world today. This book aims to provide a better understanding of the evolution of China’s AML to the international community through a collection of essays from the most prominent antitrust scholar in China, Professor Xiaoye Wang.
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Chapter 3: Anti-monopoly law and China’s economic reform

Xiaoye Wang


2008 marked the 30th anniversary of economic reforms in China. Following reforms to the economic system, China’s legal system has also seen marked success, especially in establishing an array of socialist market economy laws. In the domains of civil, commercial, and economic laws, China has promulgated the Corporate Law, Contract Law, and Property Law, and in 2007 the Anti-Monopoly Law was added to this list. These laws basically established the three fundamental principles for a socialist market economy system: namely, freedom to contract, protection of property rights, and freedom of competition. This chapter discusses the relationship between anti-monopoly law and China’s continued economic reform. The author’s perspective is that anti-monopoly law is the basic legal framework to maintain the socialist market economy and a system of competition. It is a product of China’s economic reforms. Anti-monopoly law is an indispensable legal system for maintaining a system of market competition, and legislating and implementing an anti-monopoly law would benefit the further advancement of economic and political reforms in China. The many impacts of the thinking and ideas behind anti-monopoly law in China would not only advance the establishment of a legal system and the promotion of a culture of competition, it would also be a shining example in the kaleidoscope of China’s economic reforms. Anti-monopoly law is a fundamental legal framework for a market economy.

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