University of Florida Levin College of Law UF Law Scholarship Repository UF Law Faculty Publications Faculty Scholarship 2008 China's Competition Policy Reforms: The Anti-Monopoly Law and Beyond Bruce M. Owen Stanford University Su Sun Wentong Zheng University of Florida Levin College of Law,
[email protected] Follow this and additional works at: https://scholarship.law.ufl.edu/facultypub Part of the Antitrust and Trade Regulation Commons, and the Comparative and Foreign Law Commons Recommended Citation Bruce M. Owen, Su Sun & Wentong Zheng,China's Competition Policy Reforms: The Anti-Monopoly Law and Beyond, 75 Antitrust L.J. 231 (2008), available at http://scholarship.law.ufl.edu/facultypub/223 This Article is brought to you for free and open access by the Faculty Scholarship at UF Law Scholarship Repository. It has been accepted for inclusion in UF Law Faculty Publications by an authorized administrator of UF Law Scholarship Repository. For more information, please contact
[email protected]. CHINA'S COMPETITION POLICY REFORMS: THE ANTI-MONOPOLY LAW AND BEYOND BRUCE M. OWEN Su SUN WENTONG ZHENG* I. INTRODUCTION The Supreme Court of the United States once characterized antitrust law as the "Magna Carta" of free enterprise.' By promoting free and fair competition, antitrust law has supported market economies in the West in several important ways. First, it promotes economic efficiency, by making sure that goods are made by the firm that can produce them at lowest cost, and that goods flow to those consumers who value the goods the most. Second, antitrust law seeks to protect customers, both individ- uals and businesses, against the wealth transfers that accompany the cre- ation and exercise of undue market power.