Chinese Government Sets Up Anti-Monopoly Bureau

Law360, New York (August 26, 2008, 12:00 AM EDT) -- Foreign companies seeking to acquire or merge with companies in China will be scrutinized by the country's newly established anti-monopoly department, the Chinese government announced Tuesday.

The State Council, China's top administrative authority, approved a request from the Chinese Ministry of Commerce to create an anti-monopoly division in the ministry, China's state-run Xinhua news agency reported.

The move is the latest step in the implementation of China's new anti-monopoly law, which went into effect at the beginning of the month.

The new department will be responsible...
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