ChinaTalk China's Anti-Monopoly Moment
May 1, 2021
In this engaging discussion, Dr. Angela Zhang, a professor at the University of Hong Kong and author of "Chinese Antitrust Exceptionalism," shares insights on China's evolving anti-monopoly strategies. She delves into the historical influences on Chinese antitrust law and the intricate relationship between firms and government agencies. The conversation highlights the challenges faced by tech giants like Ant Group under new regulations and examines China's balancing act between attracting foreign investment and ensuring technological independence amidst global competition.
AI Snips
Chapters
Books
Transcript
Episode notes
Pre-SAMR Antitrust System
- Before SAMR, China had three antitrust agencies: NDRC, SAIC, and MOFCOM.
- Each agency had different motivations and key performance indicators (KPIs).
NDRC's Use of Antitrust Law
- The NDRC, responsible for price regulation, used antitrust law to pressure firms into lowering prices.
- This tactic was effective because antitrust penalties were much higher than those for price violations.
Compliance of Chinese Companies
- Chinese companies often comply with government requests to avoid legal challenges.
- The potential costs, including reputational damage and uncertainty, outweigh the benefits of fighting back.
