Global Competition Policy and Its Implication for China

The aim of competition policy is to protect and promote competition. International coordination in this field is conducted on regional, bilateral and multilateral levels, but has not yielded notable results. With the progress of economic globalization, there appears urgent needs to set up unified competition policy in the world. The viewpoint of creating global competition policy has accordingly been put forward, and it is maintained that this aim should be attained within the framework of multilateral trade system. Besides, competition policy is a part of economic policy system, so its internationalization needs the coordination and cooperation of other economic policies. China should play a positive role in forming global competition policy. At the same time it is necessary for China to improve domestic competition policy as well as adjusting other relative policies.