In his New Year speech on December 31, 2016, President Xi Jinping stated that “[f]or the Chinese people, the year of 2016 is not only outstanding but also unforgettable…. We actively promoted the building of rule-of-law in this country, deepened the reform on the judicial system, enhanced judicial justice in all aspects, and maintained social fairness and justice.” We could use President Xi’s statement to summarize China’s competition policy in 2016. Under the 13th Five-Year national development plan, and supply-side structural reform promoted by the current leadership, the enforcement of competition policy in China has been well-rounded and sophisticated, despite China’s lack of experience compared to other jurisdictions such as the United States and the European Union.
With many new developments in legislation and enforcement of both China’s Anti-Monopoly Law (“AML”) and Hong Kong’s Competition Ordinance, we are delighted to release our CPI Antitrust Chronicle® issue for March 2017: China’s New Dawn of Antitrust.
