Chapter 6: China’s competition law in the global competition
In 2004, I had the honour of writing the preface to the Chinese version of David Gerber’s book, Law and Competition in Twentieth Century Europe. Once again, I am thrilled to be asked to write a preface to the Chinese version of David’s new book, Global Competition: Law, Markets and Globalization, and to be given the opportunity to express my congratulations and share some of my own thoughts on this book. It appears that two principal observations motivated David to research and write his new book. The first observation is the fact that global competition law issues are increasingly relevant to the economies of many countries around the world. A second and related observation is that, despite increasingly fierce global competition, competition law and competition law enforcement remain very much a country-specific issue, and there is no single unified competition law regime. Therefore, David believes that the analysis of global competition law issues may be relevant not only for the specific issue of competition law, but also for broader issues of global economic governance. One of the most important points in David’s book is that, due to the lack of a unified or standardized competition law regime, the competition laws of the world’s major economies, in particular the United States’ antitrust laws and the European Union’s competition laws, have emerged as the norms that govern global competition, in part due to their extraterritorial application.
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