Will China's new Anti-monopoly Law protect or impede competition?

Overview

China’s new Anti-monopoly Law, which went into effect on 1 August 2008, marks the country’s biggest step so far towards creating a formal framework for protecting competition. However, the lack of implementing regulations has generated confusion over how the law will be applied in practice. Although Chinese lawyers advocate a “wait and see” approach, investors remain concerned that the authorities will aggressively use several provisions, including a national security review, to protect...