China works to deter monopoly behaviour

China introduced its first anti-monopoly law in 2008, and assigned three governmental agencies to enforce the legislation and anti-trust practices.

China’s Ministry of Commerce is in charge of monitoring interactions between companies, to judge if a merger or an acquisition breaks the anti-trust laws. The State Administration of Industry and Commerce is assigned to take care of issues regarding non-price monopolies. The country’s economic planner, the NDRC, is charged with keeping an eye on price related monopolies. But analysts say, this system is still a work in progress.

Huang Yong, Deputy Chief of the Anti-monopoly Consultancy in the State Council, said, "We just started such practices, so we fell behind developed economies, especially lacking professionals in this field. As you can see the NDRC is supported by the government, and increased their recruitment on that, but overall, there are just around 10 people in that department, which is still far behind the EU and the US. Their anti-trust agencies have thousands of legal experts."

We recommend:
BJ-GZ HS to add 30b yuan to GDP annually	Great changes in Zhengzhou railway station	Wanda Group ventures onto the global stage
Sports car makers look to mainland market	Top Ten Economic Events in 2012	'Gold road' laid with gold bars