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Chinese Antitrust ExceptionalismHow The Rise of China Challenges Global Regulation$
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Angela Huyue Zhang

Print publication date: 2021

Print ISBN-13: 9780198826569

Published to Oxford Scholarship Online: July 2021

DOI: 10.1093/oso/9780198826569.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 04 December 2021

Chinese Antitrust Exceptionalism

Chinese Antitrust Exceptionalism

Chapter:
(p.1) Chinese Antitrust Exceptionalism
Source:
Chinese Antitrust Exceptionalism
Author(s):

Angela Huyue Zhang

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198826569.003.0001

This introductory chapter provides an overview of Chinese antitrust exceptionalism and how it poses challenges to the existing global antitrust policy. Among the world's greatest economic powers, China brings up the rear in adopting modern antitrust law. Despite being a relatively new antitrust regime, China has not hesitated to impose harsh antitrust remedies on offshore merger transactions and intervene in business practices aggressively, departing from the usual approach of Western antitrust authorities. However, China is not only exceptional as an antitrust regulator but also as a target of antitrust regulation. In addition to being the second largest recipient of foreign direct investment (FDI) and a principle importer, China is the world’s largest exporter and one of the leading outward investors. In recent years, the swift expansion of Chinese state-owned enterprises (SOEs) into Europe has raised eyebrows of antitrust regulators. Moreover, Chinese manufacturers, coordinated by government-sponsored trade associations, have had to grapple with successive private lawsuits and hefty fines for operating export cartels in the United States.

Keywords:   global antitrust policy, China, antitrust law, antitrust regulation, foreign direct investment, Chinese state-owned enterprises, Chinese manufacturers, cartels, Chinese antitrust regime

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