Oil Giant Lawsuit May Gain Sympathy, but Little Else
China's private petroleum companies are launching an anti-monopoly lawsuit against the two domestic behemoths, Sinopec and PetroChina, in order to gain a bit of living space. Unfortunately, as China's Anti-monopoly Law includes no sanctions for administrative monopoly, lawsuits of this kind yield no outcome, except perhaps sympathy from the public.
October 14th,2008
Department Monopoly Power Grab Meets Resistance
The General Administration of Quality Supervision, Inspection and Quarantine of the People's Republic of China (AQSIQ), which has been the focus in a number of Sino-US food quality disputes, may now be facing domestic lawsuits against its promotion of an electronic supervision service, and is being accused of abuses of power and monopolizing the food supervision market.
August 18th,2008
China Edgy Over Internationals in Its Agriculture
Agriculture occupies the largest sector of the Chinese economy, and its stable development is crucial to the development of the country as a whole. The recent domestic inflation led by sharp price hikes for agricultural products, coupled with multi-national companies' entry into the Chinese market, has become politically sensitive and has triggered calls for protectionism.
August 12nd,2008
New Regulations Dump Mandatory For-ex Purchasing to Curb Excess Liquidity
The Chinese government has decided to loosen its foreign exchange management, and the requirement that companies should sell all their foreign exchange to appointed banks has been cancelled. The move is meant to ease the inrushing flood of foreign monies and relieve surplus currency liquidity. The actual effect of the new policy, however, is up in the air.
August 8th,2008
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