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Draft Anti-Monopoly Law Approved

While China is busy building “national champions” (see here [1]) with the left hand, it is also fighting unfair competition – the draft anti-monopoly law has just been approved – with the right.

The Seattle Post notes

Despite these assurances, and with “malicious foreign investors” still fresh in our minds (see here [2]) , it is clear that there is an element of protectionism (it happens in the US and EU, so why not in China too!). A Xinhua report noted that the law would help protect local firms from foreign companies’ M&A activities, and from competition in areas like electronics, the auto sector, and in chemicals.

We will see how this one runs.

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