Research on Merger Control Rules and Policies during China's Economic Transition Period

Author: Shi Xiancheng
Publisher:
Publish Date: 2005-11-09
Features: Competition is the most effective mechanism for achieving sustainable economic prosperity and is also the core and essence of the market economy system. To maintain the market competition mechanism and enhance the international competitiveness of domestic enterprises, market economy countries around the world, especially developed market economy countries, have been strengthening and improving competition policy legislation and enforcement. To perfect the socialist market economy system and adapt to the open and competitive international economic environment, China, which is in the period of economic transformation and development, urgently needs to establish a competition policy guided by competition mechanisms, with antitrust laws as its core. Merger control measures, as one of the three pillars of antitrust laws, are an important part of improving market order. With the rapid rise in the number and transaction scale of domestic and foreign mergers, mergers are increasingly impacting market structure and competitive conditions. This book applies the theories and methods of industrial organization economics, drawing on the relatively mature competition legislation and enforcement experience of countries and regions such as the United States and the European Union, and combining with the current economic environment and realities, conducts a systematic, in-depth, and constructive study on China's merger control rules, how to scientifically implement merger control, and how to scientifically formulate merger control policies to use the merger mechanism to promote economic development.