2007-11-02

New Chinese Antitrust Law

Just after I finished posting about how I don't want to invest too much money in state-owned firms, here's a new law designed to protect state-owned firms:
The new law does not undercut central government control of industries considered crucial to national interests, including electronics, telecommunications, postal services, airlines and railways. Moreover, local governments will maintain their traditional grip on public services such as medicine, education, publications and tourism.

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