三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

US EUROPE AFRICA ASIA 中文
Business / Industries

Consumer concerns core of the issue

By Andrew Moody and Wang Chao (China Daily) Updated: 2014-08-18 04:45

The Ministry of Commerce itself is responsible for mergers, making sure that no one or group of companies have too strong a position in a particular market. The National Development and Reform Commission, China's strategic planning body, deals with issues relating to pricing and the SAIC deals with other competition issues that are not price related.

These agencies combined perform the equivalent role of the Department of Justice and the Federal Trade Commission in the United States.

In the EU, each of the 28 member states has its own competition authority alongside one over-arching European Commission body, which sets the framework for many of the laws.

Evrard at Jones Day says it may be simpler if China had one regulatory body, as some have suggested, but it is difficult to argue that the current regime is more complex than in other jurisdictions.

"In Europe you are effectively dealing with 29 competition authorities. In terms of China I think it would be better if they had one since it would be more efficient from a government operational perspective. In terms of companies themselves I don't think it makes any difference that they are dealing with three bodies."

Some see the recent antitrust cases as the regulatory machinery finally cranking into gear after six years in operation.

Over the past 18 months there have been a number of significant cases, besides the baijiu one.

Last August six infant formula makers, including US company Mead Johnson Nutrition and French giant Danone, as well as four other companies, were fined a total of $110 million.

However, some were not unique to China. Six LCD panel manufacturers, including South Korean companies Samsung and LG, were fined 353 million yuan by the National Development and Reform Commission for price fixing. This case followed an investigation not only in South Korea but also in the EU and the US. China's coming into line with other jurisdictions is typical of many actions against foreign companies in the country.

Mark Waha, a partner at law firm Norton Rose Fulbright in Hong Kong, says there is a sense of the regulatory regime coming of age.

"We are now celebrating the sixth anniversary of these rules. They are quite complex and it is important to remember that the authorities are not very well resourced. People talk about these massive Ministry of Commerce, State Administration for Industry and Commerce and National Development and Reform Commission organizations, but the people who are entrusted with enforcement are very few," he says.

Many experts also believe Chinese companies have started to use competition law as a business tactic against their competitors, as has been the case in the West for many years. A number of the recent cases against foreign companies are believed to have arisen as a result of issues raised by Chinese companies.

Evrard at Jones Day says: "It is essentially a tactic and it was something that wasn't used much in China until the last nine months."

Jiang at Gaopeng and Partners believes Chinese companies have greater confidence about using the law to their advantage.

"They are becoming like Western companies in their use of the law and using it as a tactic or a weapon against foreign companies."

The question remains whether consumers will benefit as a result of the recent moves by the authorities.

Yale Zhang, managing director of Automotive Foresight, an automotive industry research consultancy in Shanghai, believes the foreign car companies have had it far too good for too long in China.

"Selling one premium car in China has been equal to selling 10 in the United States for a number of the luxury carmakers. They won't want to lose that profit for sure.

"The companies will resist as long as possible, perhaps by reducing the price of select models, but I think these moves will ultimately be good for consumers."

Consumer concerns core of the issue

Consumer concerns core of the issue

Anti-trust team lacks real muscle for enforcement Qualcomm denies financial links with Chinese expert

Previous Page 1 2 3 4 5 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 成人免费体验区福利云点播 | 亚洲精品另类有吗中文字幕 | 欧日韩视频777888 | 亚洲欧美日韩中文字幕在线一 | 在线一区二区三区 | 伊人久久99亚洲精品久久频 | 欧美一区二区视频三区 | 国产精品400部自产在线观看 | 黄色欧美在线观看 | 日韩五级片 | 91最新在线播放 | 亚洲人人爱| 成年大片免费视频播放手机不卡 | 最新福利小视频在线播放 | 99久热re在线精品99 6热视频 | 日韩中文字幕电影在线观看 | 亚洲精品成人7777在线观看 | 中文字幕三区 | fc2成人免费人成在线观看播放 | 免费大片免费观看 | 九九亚洲精品自拍 | 99久久精品国产一区二区成人 | 免费观看拍拍视频在线观看 | 色综合久久91 | 免费欧美在线 | 久草福利社| 国产精品美女视频 | 久草在线资源福利站 | 99精品欧美一区 | 黄色短片免费看 | 欧美日韩一日韩一线不卡 | 久久国产精品一区二区三区 | 国产精品嫩模在线播放 | 欧美一级性视频 | 国产午夜亚洲精品不卡 | 天天久久 | 成人免费一区二区三区在线观看 | 成人免费短视频 | 精品一区二区国语对白 | 国产亚洲精品xxx | 国产欧美亚洲精品第二区首页 |