M&A Policies Review Under the Competition and National Security Laws in China
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China’s AML mirrors, by many aspects, the EU Competition Laws. According to Paragraph 2 of Article 17 of the Anti-Monopoly Law, dominant market position refers to the undertaking(s) having the ability to control the price, quantity, or other trading conditions of products in a relevant market, or to hinder or affect other undertakings to enter the relevant market. Since 2006, China began to adopt laws and regulations to describe the procedures it uses to review, and potentially block, proposed foreign acquisitions that it deems are not in China’s national interest.