Oil Giant Lawsuit May Gain Sympathy, but Little Else
China's private petroleum companies are launching an anti-monopoly lawsuit against the two domestic behemoths, Sinopec and PetroChina, in order to gain a bit of living space. Unfortunately, as China's Anti-monopoly Law includes no sanctions for administrative monopoly, lawsuits of this kind yield no outcome, except perhaps sympathy from the public.
Department Monopoly Power Grab Meets Resistance
The General Administration of Quality Supervision, Inspection and Quarantine of the People's Republic of China (AQSIQ), which has been the focus in a number of Sino-US food quality disputes, may now be facing domestic lawsuits against its promotion of an electronic supervision service, and is being accused of abuses of power and monopolizing the food supervision market.
China Edgy Over Internationals in Its Agriculture
Agriculture occupies the largest sector of the Chinese economy, and its stable development is crucial to the development of the country as a whole. The recent domestic inflation led by sharp price hikes for agricultural products, coupled with multi-national companies' entry into the Chinese market, has become politically sensitive and has triggered calls for protectionism.
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