Merger control regulations in emerging economies: the case of China

Abstract

This paper examines the role of merger control regulations in emerging market economies with special emphasis on the Chinese example. We address the objectives of anticompetitive laws and merger control regulations in such economies and show how they differ from developed countries such as the USA and EU. We review China's recent merger control regulations vis-a-vis a transitional economy. We find evidence that socio-political objectives and to a lesser extent socio-economic policies of competition prevail in emerging markets and more so in China rather than financially viable and efficient transactions.