economy - Anti-trust laws start to raise concern

Draft legislation for China's own anti-trust laws is causing concern, writes Bloomberg, especially among the larger companies who already got into problems in the US and European markets, like GE and Microsoft. While the Chinese draft is based on both US and European laws, it is still very unclear how it could work out.

Under the law, local or overseas companies with more than 50 percent of China's market share for any product will be investigated. Those using dominant market positions to set unfair prices will be fined as much as 10 percent of annual sales, according to a draft obtained by Bloomberg News.

If my name would be China Mobile, I would start getting worried too. One of the main questions would of course be how to define a market. It has been a rather boring PR-trick to present almost any company to the outside world as "leading". Now the PR-flacks can earn an extra buck in trying to explain why a company is not leading at all (since they would be fined for that) but still worth our attention.