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

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.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 9: The prospect of anti-monopoly legislation in China

Xiaoye Wang


Since the fall of the Berlin Wall, privatization, a reduction in administrative intervention, and anti-monopoly measures have become the general trend of economic policies around the world. As a result, various countries have sped up the creation and implementation of their own anti-monopoly legislation. Currently, anti-monopoly laws exist not only in economically developed countries but also in many developing countries in Asia, Africa, and Latin America. The countries that have made the most progress in this area are those within the former Soviet Union and Eastern Europe. Most of these countries adopted anti-monopoly laws in the early 1990s when they made the transition from a planned economy to a market economy. China adopted the Law of the People’s Republic of China Against Unfair Competition in September 1993, but has yet to promulgate a special Anti-Monopoly Law. However, with the increasing marketization of the Chinese economy, and with China’s admission to the WTO on 11 December 2001, the call for the speedy adoption and promulgation of an Anti-Monopoly Law is now much louder. The promulgation of an Anti-Monopoly Law undoubtedly will promote economic and political reform in China. The Chinese Constitution, revised in 1993, stipulates that ‘[t]he State implements a system of socialist market economy’. China ultimately will abandon its planned economy (whereby there is administrative management of the national economy) and replace it with a market economy (whereby a market mechanism regulates the allocation of resources and economic development).

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.