Towards an Anti-monopoly Law: China Vows to Upgrade its Competition Safeguards

A recent report from the State Administration of Commerce has highlighted the government's ongoing concern with monopoly practices by big foreign companies in China, and gives some information about the content of the pending PRC Anti-monopoly Law.

8 minute readJuly 02, 2004 at 12:58 AM

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By Tang Zhengyu, Partner, Chen Jiang and Hua Sha, Sidley Austin Brown & Wood, Shanghai

China holds an impressive track record in attracting foreign investment. For the past 11 years, China has been the leading developing country to draw foreign investment. At the end of 2003, China boasted 465,277 foreign-invested enterprises (FIEs), which represented US$943 billion of foreign investment.

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