CPE+F09+Class+20+Fair+Trade+Competition

CPE+F09+Class+20+Fair+Trade+Competition - Class 20 Fair...

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Unformatted text preview: Class 20: Fair Trade and Competition Policy Techno-nationalism and Techno-globalism Competition Policy • Abuse of dominant market position (monopoly → high prices, unfair licensing, etc.) • Restraints of trade (cartels) • Mergers and acquisitions Chinese Laws • Anti-Unfair Competition Law (1993) • Price Law (1998) • Foreign Trade Law (2004) • Antimonopoly Law (2008) Chinese Cartels • Widespread deflation in the late 1990s. • Industry set the agenda, offered the solution: cartels. • Attempted in over 20 industries. • Vast majority of cartels failed, fought off by more efficient firms. • Efforts ongoing in several industries.-5 5 1 0 1 5 2 0 2 5 Percent Change 1 9 7 8 1 9 8 0 1 9 8 2 1 9 8 4 1 9 8 6 1 9 8 8 1 9 9 0 1 9 9 2 1 9 9 4 1 9 9 6 1 9 9 8 2 0 0 0 Y e a r S o u rc es: C h in a S ta tistic a l Y e a rb o o k 2 0 0 1 ; C h in a S ta tistic a l A b stra c t 2 0 0 2 . A n n u a l C h a n g e in R eta il P rices in C 2 1 0 0 2 2 0 0 2 3 0 0 2 4 0 0 2 5 0 0 2 6 0 0 Price per ton (RMB) Ja n A p r Ju ly O c t Ja n A p r Ju ly O c t W ir e R o d A v e r a g e P r ic e in C h in a 1 9 9 8 1 9 9 9 S o u rc e : J a p a n Iro n & S te e l F e d e ra tio n , " C o lle c tio n o f M a te ria ls a n d S ta tis tic s o n C h in a 's Iro n & S te e l In d u s t P o lic y ," O c to b e r 2 0 0 2 , p p . 2 9 -3 0 . China’s Anti-Monopoly Law • Identified in 1987, drafting began in 1994. • Key issues – Mergers and acquisitions – Corporate monopolies – Cartels – Intellectual property rights – Administrative Monopoly • Problems: Ambiguities, Implementing bodies • Foreigners M&A Under the New AML • Overall data (to July 09) – 58 notifications – 40 approved without condition – 2 approved with conditions – 1 rejected • Key Cases – Coke-Huiyuan (rejected) – InBev – Anheuser-Busch (conditionally approved) Fair Trade...
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CPE+F09+Class+20+Fair+Trade+Competition - Class 20 Fair...

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