China passes new anti-monopoly law

[demoleft]

Source: AFP

BEIJING (AFP) - China's parliament on Thursday passed a long-awaited anti-monopoly law that is widely expected to make it harder for foreign firms to buy up Chinese companies, state press reported.
...
The law will require national security checks for foreign companies seeking to merge with or take over Chinese enterprises, Xinhua said.
Analysts have said the new measures were prompted by fears that the increasing clout of foreign firms in China's markets are posing a high competitive burden on Chinese companies.
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"The European Chamber welcomes a more open economy and a level playing field for business in China. We hope the anti-monopoly law will contribute to this," the statement said.



Read more: http://www.afp.com/english/news/stories/070830073106.9y2ctsni.html

[Deja Q]

1. Uh-oh. How will Microsoft react to that?

And how will China's firms in American markets react?

:hide:

[comtec]

2. Im not so thused about this law

It sounds like it's not so much about preventing monopolies, but preventing western companies from getting a better foot hold in China.
With all the crap that has come from China, especially lately, a western hand in the factories might be better for everyone, especially Chinese consumers... too bad sites like this are banned in china, or we might get some perspective from the Chinese peasant, er, i mean average person.

[Acadia Blue]

3. The USA lets anyone, like Dubai, buy any of our companies and

even our roads, ports ect. But then we are in Bush world where the free market is always right regardless of the consequences