www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

   

Landmark anti-monopoly law passed

(China Daily/Xinhua)
Updated: 2007-08-31 07:26

Foreign acquisitions of Chinese companies will be subject to stringent new checks intended to protect national economic security under a new law passed Thursday.

After 13 years on the drawing board, the Anti-Monopoly Law passed by the Standing Committee of the National People's Congress (NPC), China's top legislature, will come into effect on August 1, 2008.

"As well as anti-monopoly checks stipulated by this law, foreign mergers with, or acquisitions of, domestic companies or foreign capital investing in domestic companies' operations in other forms should go through national security checks according to relevant laws and regulations" it reads.

Foreign companies have begun to acquire major State-owned enterprises or companies with famous brands, raising concerns about economic security.

China already has a basic security check system for foreign mergers and acquisitions.

Foreign investors should apply for approval from the Ministry of Commerce (MOC) if their purchases of domestic companies affect national economic security, take place in key sectors or lead to a transfer of the operating rights of famous domestic brands, according to a regulation issued by the MOC along with five other government organs last year.

In December last year, the State Council, China's cabinet, released a list of strategic sectors in which the State would retain control.

The list included military-related manufacturing, power production and grids, petroleum, gas and petrochemicals, telecom manufacturing, coal, civil aviation and shipping.

The law also bans monopolistic arrangements, such as cartels and other forms of collusion, and provides for the investigation and prosecution of monopolistic practices, while protecting monopolistic arrangements that promote innovation and technological advancement.

It prohibits monopolies from using their dominant status in the market to curb competition, fix prices, enforce package sales, and refuse or enforce trade.

The law states that "an anti-monopoly commission will be set up under the State Council to deal with anti-monopoly issues".

The law also stipulates that "government departments should not take advantage of their power to curb competition", and prohibits governments from appointing producers or suppliers for unit or individual procurement.

Two major foreign chambers, the European Union Chamber of Commerce in China and the American Chamber of Commerce in China yesterday hailed the law as a positive step in the country's evolution as a market-based economy.

"The European Chamber welcomes a more open economy and a level playing field for business in China," Joerg Wuttke, president of the trade body, said.

"Most important, curbing monopolistic behavior should allow Chinese consumers to benefit from greater economic efficiency and stronger protection against the abuse of market dominance."

The chairman of AmCham-China, James Zimmerman, described the law as a "defining moment in the development of China's legal system, which establishes a basic framework to build a fair, uniform and national competition law system that benefits consumers by recognizing and preserving the incentives to compete."

Four other laws or amendments passed by the NPC Standing Committee yesterday are:

the Emergency Response Law;

the amendment to the Law on Animal Epidemic Prevention;

the Employment Promotion Law; and

the amendment to the Urban Real Estate Administration Law.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 中文字幕福利视频 | 国产91久久精品一区二区 | 日韩一区国产二区欧美三区 | 国产伦精品一区三区视频 | 国产在线观看一区精品 | 国产一区二区在线视频 | 国产综合成人亚洲区 | 狠狠澡夜夜澡人人爽 | 日韩欧美一区二区精品久久 | 高清免费国产在线观看 | 亚洲 欧美 激情 另类 校园 | 美女黄网站色一级毛片 | 亚洲乱人伦在线 | 欧美一级做 | 欧美激情精品久久久久久久久久 | 亚洲国内精品 | 一级淫片免费视频 | 国产伦码精品一区二区 | 国产操操 | 午夜成人在线视频 | 在线亚洲播放 | 日韩三级一区 | 欧美猛交xxxx免费看 | 婷婷在线成人免费观看搜索 | 在线精品欧美日韩 | 久久精品国产精品亚洲精品 | 亚洲第一综合网站 | 朝鲜美女免费一级毛片 | 亚洲午夜片子大全精品 | 高清国产一区二区三区 | 日本一级毛片片在线播放 | 日本不卡高清免费 | 国产成人久久精品区一区二区 | 国产亚洲精品久久久久久久网站 | 成人久久在线 | 免费一级特黄 欧美大片 | 一级一片免费播放 | 美女一级毛片毛片在线播放 | 欧美大片一级毛片 | 91久久亚洲精品一区二区 | 一本三道a无线码一区v |