Research Handbook on Asian Competition Law
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Research Handbook on Asian Competition Law

Edited by Steven Van Uytsel, Shuya Hayashi and John O. Haley

This timely Research Handbook provides a comprehensive overview and discussion of the substantive competition law provisions of the ASEAN Plus Three region, including Hong Kong and Taiwan. Taking a unique comparative perspective, chapters examine Asian competition laws in relation to the existing laws that served as models for them, analysing how and why they deviate.
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Chapter 12: Retrospective and prospects of Chinas Anti-Monopoly Law

Xiaoye Wang

Abstract

China’s economic reform, beginning in the late 1970s, led to the creation of the Anti-Monopoly Law (AML) in 2007; it came into force in 2008. Because the AML seeks to promote free and fair competition, the promulgation and implementation of the AML has further promoted and deepened Chinese economic reform. In particular, enforcement of the AML has given rise to a fair competition review system, which is helpful to separate the government administration from enterprise management, and to promote the equal rights and opportunities for various market players in China. China’s AML enforcement is still to be improved: in particular, some of the provisions of the Law should be revised, the independence of the enforcement agency should be strengthened and the resources of the enforcement teams are expected to be increased. In short, China still needs to further improve the status of competition policy.

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