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Chinese Antitrust Exceptionalism: How The Rise of China Challenges Global Regulation

Autor Angela Huyue Zhang
en Limba Engleză Hardback – 10 mar 2021
A ProMarket Best Political Economy Book of the YearChina'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 aggressive 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 thorugh integration with its Western rivals.Watch a short introductory video from the author.
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Specificații

ISBN-13: 9780198826569
ISBN-10: 0198826567
Pagini: 270
Dimensiuni: 161 x 241 x 20 mm
Greutate: 0.56 kg
Ediția:1
Editura: OUP OXFORD
Colecția OUP Oxford
Locul publicării:Oxford, United Kingdom

Recenzii

Zhang's insights make her a valuable participant in the international engagement among policy makers, scholars, and the bar that Bush advocates.
Angela Huyue Zhang ... takes a rather different approach to analyzing China's governance model. Hers is a timely work: terms like antitrust and anti-monopoly have made frequent appearances in the new regulatory crackdown, generating much discussion about what the authorities' agenda entails.
In her work, Professor Zhang, holding both insider and outsider perspectives, provides a balanced and neutral view of the Chinese antitrust exceptionalism. This book is a must-read for academics and legal practitioners who are interested in Chinese antitrust law. It is also highly recommended for researchers, policymakers and government officials in the fields of international relations, political science, and political economy.
This is a must read for anybody with an interest in antitrust.
Professor Zhang's work provides much-needed perspectives for understanding how antitrust is actually carried out for Chinese firms both inside and outside of China.
Angela Zhang's new book, Chinese Antitrust Exceptionalism, fills a big gap in understanding the mystery of China, the most dramatically emerging economy and one with the apparent goal to become the global economic superpower, and antitrust, a discipline adopted by China, which notionally limits power and facilitates open, efficient markets. Professor Zhang reveals China's nuanced intertwining of politics, institutions, and law. She uncovers the bureaucratic environment and the incentives of the bureaucrats and the law enforcers. She tells the story, not apparent to the outsider, of how decisions are really made. The book is a necessary addition to any library about China as an emerging global power, politics, and the limits of law.
As Chinese technology firms have become global players, they have come under increasing scrutiny by Western policy makers. As Angela Zhang demonstrates, antitrust law has become an instrument not only of economics but also of strategic rivalry. Informed by legal analysis, game theory, and deep knowledge of both Chinese and Western legal practices, this valuable book provides a guide both to present-day controversies and to a more hopeful way forward.
This is an excellent book on a hugely important issue. Professor Zhang situates her sharp legal analysis in the broader contexts of Chinese economy and politics. An indispensable and timely treatment of the topic. As tensions are rising between China and the rest of the global community, this book provides a way and an angle for us to make sense of these developments. I recommend the book highly to anyone who has an interest in Chinese political economy.
Angela Zhang offers a deeply insightful and thought-provoking account of China's antitrust policy today. Showing how law, economics, and politics interact, Zhang reveals the peculiar place that China occupies in the world of antitrust today-both as a controversial regulator and as an elusive target for foreign antitrust regulators. The book is astute, engaging, and highly compelling. It is a timely contribution that is a must-read for anyone interested in antitrust law or China's role in the global economy.
Are U.S. and EU analysts getting Chinese antitrust wrong - and so misunderstanding a key element of the struggle over China's participation in the global legal order? Angela Zhang's terrific book takes you on a deep dive into Chinese institutions to show how antitrust enforcement there is a bottom-up bureaucratic process, not a top-down command and control structure. From this research comes a policy approach for the West to adopt, based on incentives and threats, that has a chance of working. Required reading for anyone interested in China-West relations through the lens of law and real-world politics.

Notă biografică

Angela Huyue Zhang is Associate Professor of Law and Director of the Centre for Chinese Law at the University of Hong Kong. She previously taught at King's College London and practiced with leading international law firms in the United States, Europe and Asia.