Sunday 17 August 2008

Antitrust Law in China

On Aug. 1st, 2008, China's own antitrust law went into effect. Some say it is a "new face of protectionism". Is that because every country's antitrust law is just "new face of protectionism"? If true, what is the point to say it when everybody already knew? If not, why think it in a negative way when China has one?
Some say "it could be used to protect national corporate champions while keeping foreign corporations out of the Chinese market" But look at what happened in the last 30 years, are there more foreign companies in China or fewer? Why would you think China wants to go back and kept the rest of world out?
And if an American company is getting into China by making itself a monopoly, why can't China keep it out?

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