Chinese Competition Law Sparks Fears Of Protectionism

Law360, New York (April 18, 2006, 12:00 AM EDT) -- As part of an ongoing effort to ameliorate trade relations, China will soon unveil its first full-fledged competition law. But many fear these new rules will actually discourage takeovers by foreign companies.

The new regulations, which have been in the works for over a decade, represent China’s first attempt at an anti-monopoly law. Early drafts of the law reportedly give the government the power to examine mergers and acquisitions and introduce a streamlined set of competition rules that tackle local protectionism, a problem rampant in China....
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