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Chinese Antitrust Exceptionalism
Overview
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Analyses Chinese antitrust law in the broader context of China's developing global economic presence
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Explores the ways in which bureaucratic missions, cultures, and structures of administrative agencies can play a crucial role in shaping the enforcement agenda, investigative approach, and final regulatory outcomes in China
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Describes how Chinese antitrust law can be transformed into a powerful economic weapon to counter aggressive U.S. sanctions
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Examines the new difficulties that Chinese firms will encounter as the U.S. and E.U. regulators tighten scrutiny over investment and trade from China
Description
China’s rise as an economic superpower has caused growing anxieties in the West. Europe is now applying stricter scrutiny over takeovers by Chinese state-owned giants, while the United States is imposing sanctions on leading Chinese technology firms such as Huawei, TikTok and WeChat. Given the escalating geopolitical tensions between China and the West, are there any hopeful prospects for economic globalization?
In her compelling new book Chinese Antitrust Exceptionalism, Angela Zhang examines the most important and least understood tactic that China can deploy to counter western sanctions: antitrust law. Zhang reveals how China has transformed antitrust law into a powerful economic weapon, supplying theory and case studies to explain its strategic application over the course of the Sino-US tech war. Zhang also exposes the vast administrative discretion possessed by the Chinese government, showing how agencies can leverage the media to push forward aggressive enforcement. She further dives into the bureaucratic politics that spurred China’s antitrust regulation, providing an incisive analysis of how divergent missions, cultures and structures of agencies have shaped regulatory outcomes.
More than a legal analysis, Zhang offers a political and economic study of our contemporary moment. She demonstrates that Chinese exceptionalism—as manifested in the way China regulates and is regulated, is reshaping global regulation and that future cooperation relies on the West comprehending Chinese idiosyncrasies and China achieving greater transparency through integration with its western rivals.
Book Trailer
In the News
Author Op-eds:
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Big Tech is the Regenerative Starfish of Our Times, Nikkei Asia, May 7, 2021
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What Does Beijing Achieve from Regulating Its Big Tech? USALI Perspective, Vol. 1, Number 20, April 20, 2021
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How China's Fragmented Bureaucracy Works to Ant Group's Advantage, Nikkei Asia, Mar 26, 2021
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China’s Regulatory War on Ant, Project Syndicate, Mar 12, 2021
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China is Leaning into Antitrust Regulation to Stay Competitive with the U.S., Fortune, February 9, 2021
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Why Is China Cracking Down on Alibaba?, Project Syndicate, Feb 2, 2021
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The Dangerous Legal War Posing a New Threat to China-US Relations, Nikkei Asia, February 1, 2021
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China's Alibaba Probe Is Not All Bad News , Nikkei Asia, Jan. 8, 2021
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In China, Behave or Face a Campaign, Bloomberg, January 7, 2021
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Should China Wield Antitrust Laws to Counter US Attacks on Huawei Amid Global Tech Competition? South China Morning Post, May 26, 2020
Author Interview
TV Interview
Podcast
News Coverage:
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China Antitrust: Tencent’s Outsized Share of Online Music-Streaming Market could put its Holdings at Risk, South China Morning Post, May 15, 2021
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Pourquoi Xi Jinping mate les géants chinois du web, Économie, May 13, 2021
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New Kid in the Playground: China's Antitrust Push, Bruegel-ZhongHua Mundus, May 12, 2021
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Busting Big Tech, Project Syndicate, May 6, 2021
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China’s Big Tech Legal Teams are Unbeatable on Their Home Courts, Literally, Protocol, April 30, 2021
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Meituan is Latest Chinese E-Commerce Giant in Antitrust Crackdown, Barron's, April 28, 2021
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Xi’s Next Target in Tech Crackdown Is China’s Vast Reams of Data, Bloomberg, April 23, 2021
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China's Big Tech 'Rectification' Continues, The Standard, Apr 20, 2021
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Is Alibaba's Fate a Warning to China’s Tech Giants?, BBC News, April 15, 2021
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It's Easy to Make Tech Titans Kneel. Just Ask China, Bloomberg, April 15, 2021
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China’s Tech Giants Vow, in Unison, to Play by Regulator’s Rules, The Wall Street Journal, April 14, 2021
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“Er xuan yi”: The Business Tactic that Led to Alibaba’s $2.8 Billion Antitrust Fine, QUARTZ, April 12, 2021
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Alibaba’s Rivals on Alert after China’s Regulators Hand out Record Fine, Financial Times, April 11, 2021
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Alibaba Antitrust Investigation: Beijing Slaps E-commerce Giant with Record US$2.8 Billion Fine in Landmark Case, South China Morning Post, April 10, 2021
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China Fines Alibaba Record $2.8 Billion After Monopoly Probe, Bloomberg, April 10, 2021
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China Fines Alibaba $2.8 Billion in Landmark Antitrust Case, The New York Times, April 9, 2021
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China Tests the Long Arm of its Law in Xiaomi and Huawei’s International Patent Battles, South China Morning Post, April 2, 2021
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Chinese Big Tech's Shadiest Practices, Protocol, March 30, 2021
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China is Trying to Make Policy Moves that won't Shake the World, Inkstone, March 16, 2021
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Jack Ma Told China's Youth to Spend, Borrow. It Backfired, Los Angeles Times, March 8, 2021
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China Issues Final Version of Anti-monopoly Guidelines as Beijing Moves to Rein in Big Tech, South China Morning Post, February 8, 2021
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China Antitrust: Beijing Court Accepts ByteDance’s US$14 Million Lawsuit Against Tencent, Starts Proceedings, South China Morning Post, February 8, 2021
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ByteDance’s Douyin Sues Tencent, Claiming Antitrust Violations, krASIA, February 3, 2021
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China Antitrust: ByteDance and Tencent Legal Battle Seen as Potential Landmark Case, South China Morning Post, February 3, 2021
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ByteDance Files Lawsuit Against Tencent in Tit-for-tat Battle, Financial Times, February 3, 2021
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China’s Big Tech Clampdown: Why Some Businesses Stand to Benefit, Aljazeera, January 26, 2021
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Why China’s Central Bank Leads Antitrust Drive and How this May Affect Alipay, WeChat Pay, South China Morning Post, January 22, 2021
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China’s Approval of Cisco-Acacia Deal Conditional on Fair Competition but also an Olive Branch to Joe Biden, South China Morning Post, January 22, 2021
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China’s Startups Hope Tech Crackdown Creates New Opportunities, Bloomberg, January 21, 2021
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Do Fintech Giants Alipay and WeChat Pay have Monopoly Power? China’s New Regulation Leaves Experts Guessing, South China Morning Post, January 21, 2021
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China’s Central Bank Proposes Antitrust Rules for Country’s Booming Online Payments Sector, Pandaily, January 21, 2021
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China's Crackdown on Alibaba Goes Beyond Teaching Jack Ma a Lesson, S&P Global Market Intelligence, January 19, 2021
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Trump’s Final Days Bring New Turmoil to U.S.-China Relations, Bloomberg, January 12, 2021
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China Brings in New Law to Fight Trump's Sanctions, BBC, January 11, 2021
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Jack Ma's Absence Raises More Questions than it Answers Amid Ant and Alibaba Probe, The Straits Times, January 9, 2021
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"Alibaba Antitrust Probe Presents New Challenges for China’s Regulators 12 Years after Implementation of Anti-monopoly Law", South China Morning Post, January 7, 2021
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"Jack Ma was Almost Bigger than China. That's What Got Him into Trouble", CNN Business, January 6, 2021
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"China’s Mighty State Monopolies Cast a Big Shadow over Private Enterprise, but will Antitrust Law and Vows of Reform Level the Playing Field?", South China Morning Post, January 5, 2021