Posted by Nikkei Asian Review
China’s decade-old antitrust law still vexes foreign companies
By Shunnsuke Tabeta
A decade on, China’s antitrust law remains a thorn in the side of foreign companies as they are singled out by regulators that go out of their way to give domestic enterprises a competitive advantage.
Chinese authorities said on Friday that they “regret” Qualcomm’s decision to terminate a deal for Dutch rival NXP Semiconductors, since they had not rejected the acquisition but only extended the review period by two months.
But that is not how the industry sees it. “A postponement is essentially a rejection,” said an executive at an information technology company.
China’s review period is supposed to take about four months. But delays are common for political reasons and an apparent lack of staff.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI