INTERNATIONAL - CHINA - ANTITRUST REFORM OF AUGUST 1, 2008 - CHINESE COMPETITION POLICY OBJECTIVES - FOREIGN INVESTMENTS CONTROL - EXTENSIVE CHINESE COMPETITION LAW ENFORCEMENT - STRENGTHENING FREEDOM OF PRICING - FREEDOM OF CIRCULATION - ANTIMONOPOLY COMMISSION - ANTIMONOPOLY ENFORCEMENT AUTHORITY - ANTICOMPETITIVE PRACTICES PROHIBITION - MERGER CONTROL - CONTROL OF ANTICOMPETITIVE BEHAVIOURS OF PUBLIC AUTHORITIES - ECONOMIC PATRIOTISM - ECONOMIC EFFICIENCY OBJECTIVES

China: The antitrust law of August, 30, 2007

After 13 years of debates, China has just enacted its Anti-Monopoly or Competition Law. It will enter into force only on august 1, 2008 and will soon be completed by implementation provisions. This law sets out the Chinese Competition Policy objectives: build up a competitive foreign investments control in China, an extensive Chinese competition law enforcement incorporating the “effects theory” at the outset, strengthening freedom of pricing as well as market entry and exit, submitting local and provincial governments to a freedom of circulation control. The law consists in 8 chapters and 57 sections. It sets up two competition authorities: the Antimonopoly Commission entrusted with political supervision powers over enforcement and the Antimonopoly Enforcement Authority, in charge of the law enforcement following the EU DG Comp. model. Both agencies are under supervision of the Governing Body of China, the State Council. The Antimonopoly Law, inspired by the EU Competition Law, includes an anticompetitive practices prohibition, a merger control and the control of anticompetitive behaviours of public authorities and SOEs. The law may serve economic patriotism as well as economic efficiency objectives.

See also: Erik Söderlind, Yuan Cheng, Cunzhen Huang, Merger control in China as of August 1st, 2008: Still a long way to go, Concurrences, N° 3-2008

Au terme de treize ans de vifs débats politiques et institutionnels, la Loi anti-monopole du 30 août 2007 vient d'être adoptée par le Comité permanent de l'Assemblée Nationale Populaire chinoise. Ce texte, qui sera applicable le 1er août 2008, vient s'ajouter à une série de lois antérieures dont les dispositions concernaient déjà le fonctionnement du marché . La Loi Anti-monopole sera complétée très prochainement par la publication de règles d'application ou complémentaires. Ce texte vient une nouvelle fois démontrer que les marchés concurrentiels doivent certes être régis par un droit de la concurrence mais aussi être stimulés par une politique de la concurrence. Ce texte démontre aussi de manière éclatante que les gouvernants chinois ont intégralement assimilé les termes des débats et les principales

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François Souty, China: The antitrust law of August, 30, 2007, December 2007, Concurrences N° 4-2007, Art. N° 14296, pp. 158-164

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