1. Text: | Print|

      Antitrust law 'will level the playing field'

      2014-02-28 07:50 China Daily Web Editor: qindexing
      1
      The Qualcomm Inc stand at the Mobile World Congress in Barcelona this week. China's top economic planning agency said it's conducting an antitrust investigation into the US mobile chipmaker for allegedly abusing its dominance in the wireless telecommunication copyright and cellphone chip markets.

      The Qualcomm Inc stand at the Mobile World Congress in Barcelona this week. China's top economic planning agency said it's conducting an antitrust investigation into the US mobile chipmaker for allegedly abusing its dominance in the wireless telecommunication copyright and cellphone chip markets.

      The Ministry of Commerce is drafting improvements to the nation's antitrust laws, part of the government's drive to build a level playing field for all companies.

      "We have finished the draft of 'Imposing Restrictive Conditions on the Concentration of Undertakings'. It is undergoing internal approvals and is expected to be released in the first half of this year," Shang Ming, direc-tor-general of the anti-monopoly bureau of the ministry, told a news confer-ence on Thursday.

      The rules will spell out in detail the restrictions that may be imposed by anti-mo-nopoly authorities in reviews of mergers and acquisitions.

      The regulations will replace interim provisions issued in July 2010, known as Implementing Assets or Business Divestment Related to the Concentration of Undertakings.

      China is a relative newcomer in terms of anti-monopoly reviews, but its reviews increased rapidly after Aug 1, 2008, when the Anti-Monopoly Law took effect.

      As of Dec 31, the ministry had received 866 filings related to industrial concentration, officially accepted 797 and settled 740 cases, according to the ministry.

      Breaking down the settled cases, 717 were approved without conditions, 22 were conditionally approved, and one was rejected, the ministry said.

      In 2013 alone, the ministry received 224 filings involving industrial concentration, up 8 percent, and accepted 212 of them, up 12.8 percent.

      Of those cases, 207 were resolved, up 26 percent, with four conditionally approved.

      In April 2013, the ministry approved the acquisition of Xstrata Plc by Glencore International Plc, the largest merger in mining history, but with restrictions, saying that the transaction would limit competition in copper, lead and zinc concentrates.

      China is the largest target market for Glencore's mining products and an important target market for Xstrata's mining products.

      The National Development and Reform Commission has confirmed that it is conduct-ing an antitrust investigation into US mobile chipmaker Qualcomm Inc for allegedly abusing its dominance in the wireless telecommunication copyright and chip markets.

      "As for restrictive condi-tions, China took various measures, and they were determined by the specifics of each case and the difference in terms of competition issues.

      "We are summarizing the experience from these cases and will set down effective measures in the draft rule," Shang said.

      To make reviews more effi-cient and reduce filing bur-dens, the ministry on Feb 11 released the final version of its Interim Provisions on the Standards that Apply to Sim-plified Cases of Concentra-tions of Undertakings.

      The document is seen as a genuine fast-track procedure for simple cases.

      Zhang Yizhe, a partner in the antitrust and competition practice at Jones Day law firm, said that the ministry has established itself as an "important stop" in the global merger clearance process for international transactions.

      "The biggest challenge during the ministry's investigation of transactions that may raise competition concerns is that the parties aren't given much detail regarding the ministry's concerns, the underlying evidence and its theory of competitive harm," Zhang said.

      Last year, China pledged to accelerate the construction of a modern market system and let the market play a decisive role in allocating resources.

      These reforms are intended to end local protectionism, strengthen anti-monopoly efforts and combat unfair competition.

      Yao Jian, spokesman for the ministry, said that the ministry and other government departments are working to clear regional "blockades" and industrial monopolies.

      That effort includes improving tax provisions for operations that cover more than one region, removing discriminatory product and service prices within a region, and dismantling barriers to the flow of products and ser-vices between regions.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 久久国产精品2020免费m3u8| 中文字幕免费人成乱码中国| free哆啪啪免费永久| 久久99国产亚洲精品观看| 国产精品成人啪精品视频免费| 亚洲精品tv久久久久| 国产99精品一区二区三区免费 | 成人在线免费观看| 国产精品亚洲自在线播放页码 | 在线美女免费观看网站h| 亚洲欧洲精品一区二区三区| 日日麻批免费40分钟无码| 亚洲自偷自偷精品| 日韩视频在线精品视频免费观看 | 亚洲成人影院在线观看| 香蕉视频免费在线播放| 亚洲综合色在线观看亚洲| 成人久久免费网站| 亚洲欧洲日产v特级毛片| 两性刺激生活片免费视频| 亚洲爆乳成av人在线视菜奈实| 国产成人免费全部网站| 亚洲免费一区二区| 麻豆亚洲av熟女国产一区二| 无码免费午夜福利片在线| 国产亚洲精品免费| 亚洲av无码一区二区三区乱子伦 | 污视频在线观看免费| 久久夜色精品国产噜噜亚洲a| 国产成人免费手机在线观看视频| 精品久久久久久国产免费了 | 99在线视频免费观看视频| 亚洲AV无码专区亚洲AV桃| 国产亚洲精aa成人网站| 久久A级毛片免费观看| 亚洲成在人线aⅴ免费毛片| 亚洲色精品vr一区二区三区| 真人做A免费观看| 一区二区免费电影| 亚洲一区二区三区国产精品无码| gogo全球高清大胆亚洲|