In its now two-decade-long transition from a centrally planned to a market economy, the People's Republic of China (PRC) has made remarkable progress in introducing competition to its industries. It recognized that it was essential to build an effective competition policy system so as to create a level playing field for all business enterprises. During this transitional period, industrial policies and inward foreign direct investment (FDI) played a crucial role both in transforming industry and in facilitating the development of competition policy. This chapter reviews the competition policy framework in the PRC with emphasis on its interactions with industrial and FDI policies.
|Title of host publication
|Competition policy and development in Asia
|Number of pages
|Published - 1 Jan 2005