Competition policy in China and its relevance to SMEs
Article
Article Title | Competition policy in China and its relevance to SMEs |
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ERA Journal ID | 36685 |
Article Category | Article |
Authors | Zhang, Yahua (Author) and Round, David K. (Author) |
Journal Title | Frontiers of Law in China |
Frontiers of Law in China: selected publications from chinese Universities | |
Journal Citation | 7 (1), pp. 21-38 |
Number of Pages | 18 |
Year | 2012 |
Place of Publication | Beijing, China |
ISSN | 1673-3428 |
1673-3541 | |
Digital Object Identifier (DOI) | https://doi.org/10.3868/s050-001-012-0002-9 |
Web Address (URL) | http://journal.hep.com.cn/webpub/cipub/articledetail?articleid=67125640-68E5-11E1-BD17-E52C9BCDABC5&journalid=4&jyear=2012&issue=1&type= |
Abstract | Competition policy has great relevance to all the firms in any economy. Even though it is unlikely that small and medium-sized enterprises (SMEs) have enough market power to constrain competition through a misuse of such power, they may still face prosecution if they are involved in a boycott of competitors or suppliers, price-fixing, output-restriction and other monopoly agreements. This article discusses antitrust issues pertaining to SMEs with a focus on China's Anti-Monopoly Law (AML) and its implementation rules. Contrary to the popular view that SMEs benefit from competition laws, evidence shows that they are reluctant to get involved in antitrust litigation against large firms partly because of the high legal costs involved. There is an urgent need to promote an awareness of antitrust compliance in China and to educate SMEs about the need to avoid breaching the new antitrust law and its associated regulations. In the meantime, SMEs should take full advantage of the antitrust laws to fight against the abuse of market dominance directed at them, and to gain equal opportunities to market access. |
Keywords | competition policy; SMEs; China; AML; public interest |
ANZSRC Field of Research 2020 | 380109. Industry economics and industrial organisation |
440703. Economic development policy | |
480699. Private law and civil obligations not elsewhere classified | |
Byline Affiliations | School of Accounting, Economics and Finance |
University of South Australia | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q139w/competition-policy-in-china-and-its-relevance-to-smes
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