Foreign threat spurs Chinese monopoly law

[True_Blue]

China's glacially slow effort to introduce an anti-monopoly law is suddenly being sped up by concerns that multinationals are getting to dominate key markets, state media said yesterday.

Officials have agonized over the fine details of the rules for nearly two decades, but the idea of Microsoft-style juggernauts rolling ashore has lent the process a new sense of urgency, the China Business Weekly reported.

"Politically, the threat of foreign monopolies may be the justification for having the law," said Mark Williams, an expert on anti-monopoly law at Hong Kong Polytechnic University and author of an upcoming book on the subject.

"But in reality it may well be used as a protectionist engine. It may well be applied against foreign entrants to the market but domestic state monopolies are unlikely to be investigated or sanctioned," he said.
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http://www.taipeitimes.com/News/worldbiz/archives/2005/02/01/2003221864

[M155Y_A1CH]

1. A dire warning

All those ready to jump on the Chinese Yaun wagon
pay attention!

China could outlaw your investments at any time.