| Summary: | China embraced the notion of competition nearly three decades ago and has achieved a tremendous success by transitioning from a planned economy to a market economy. However, it was not until August 30, 2007, after 14 years' relentless debate and wrangling, that the Anti-Monopoly Law (the "AML") was finally passed. Although competition law is not entirely new in China, the AML is China's first antitrust law that is comparable to the modern antitrust policies of other major jurisdictions. Since the law went into effect on August 1, 2008, China has become the third sphere of regulatory influence, matching the power of the European Union (the "E.U.") and the United States. Multinational companies doing business in China were particularly alarmed by the passage of this new law out of fear that they might become its primary targets. This dissertation employs an economic approach to conduct an in-depth analysis of the AML.
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