Xinzhu Zhang and Vanessa Yanhua Zhang
Chinese Merger Control: Patterns and Implications
(2010) 6(2) Journal of Competition Law and Economics 477-496
Abstract (from SSRN)
China’s Anti-Monopoly Law went into effect on August 1, 2008. Even though enforcement authorities tend to build their capacity progressively, China has already seen three milestone case decisions in the past year: InBev/Anheuser-Busch, Coca-Cola/Huiyuan, and Mitsubishi Rayon/Lucite. In this article, we elaborate the background of each case and provide in-depth analysis of each decision. In particular, we explore the common characteristics of the cases, the economic theories on which the merger control authority has relied in its merger decisions, and the patterns regarding China’s merger policy. .