Keynote Speech at the UCL Jevons Institute’s 10th Anniversary Colloquium: Global Antitrust Enforcement 10 years and Beyond

3 June, 2016
Bibliothèque Solvay, Brussels

CPI Asia Column edited by Vanessa Yanhua Zhang (Global Economics Group) present:

Keynote Speech at the UCL Jevons Institute’s 10th Anniversary Colloquium: Global Antitrust Enforcement 10 years and Beyond – Qing Li, National Development and Reform Commission, P.R. China

Ladies and gentlemen. Congratulations on the 10^th anniversary of the UCL Jevons Institute. I would like to extend my thanks to the host for inviting me. This is an opportunity for me to update you the latest development on the enforcement of Anti-Monopoly Law and the implementation of competition policy by Chinese National Development and Reform Commission (NDRC) since 2015.

Investigating anticompetitive activities conducted by companies.  Since 2015, NDRC and the provincial price regulation authorities have launched 20 investigations and imposed the total fine of RMB 7 billion. Those anticompetitive activities include horizontal agreements, vertical agreements and abuse of market dominance. The industry-sectors involved include automobile and auto parts, telecoms, pharmaceutical, transportation and intellectual property right. The relevant parties are quite diverse, including state-owned enterprises, private enterprises, foreign-invested enterprises, trade associations and so on.

Enhancing its enforcement against abusing administrative power to eliminate or restrict competition. Different from the E.U. and the U.S. competition laws, China’s Anti-Monopoly Law