Tuesday, September 04, 2007

Being a monopoly is fine if you are state-owned

The leading financial magazine Caijing summerizes twenty years to legislative work on the anti-trust laws.
However, questions remain about implementing and enforcing the voluminous law, which includes 57 articles and eight chapters. In addition, some sensitive issues raised during decades of discussion were dropped or glossed over with vague language.
For example, the issue of administrative monopolies -- which are common in local governments and influence national sectors including telecommunications, electric power and education – is covered in the fifth chapter but not covered by the initial definition of a monopoly in the first chapter, said legal professor Dr. Wang Baoshu of Tsinghua University.

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