Friday, August 7, 2009
Posted by D. Daniel Sokol
Xinzhu Zhang, Chinese Academy of Social Sciences - Research Center for Regulation and Competition, and Vanessa Yanhua Zhang, LECG analyze Chinese Merger Control: Patterns and Implications.
ABSTRACT: China’s Anti-Monopoly Law has been effective since August 1, 2008. Even though the enforcement authorities tend to build their capacity progressively, China has already seen three milestone case decisions in the past year: InBev/Anheuser-Busch, Coca-Cola/Huiyuan, and Mitsubishi Rayon/Lucite. In this paper, we attempt to elaborate the background of each case and provide in-depth analysis. In particular, we explore the common characteristics of the cases, the economic theories on which the merger control authority has relied in their merger decisions and the patterns regarding China’s merger policy.