China's high-speed railway industry achieved dazzling development over the years, but not much research has been devoted to this industry from the perspective of competition policy. This paper focuses on the indus...China's high-speed railway industry achieved dazzling development over the years, but not much research has been devoted to this industry from the perspective of competition policy. This paper focuses on the industrial organization of China's high-speed railway industry and the applicability of the Anti-Monopoly Law. We intend to answer the following questions:(1) Why is the high-speed railway industry not an industry of natural monopoly? Which segments of the industry have elements of natural monopoly?(2) At the level of corporate organization, what is the legal and economic rationale behind the patterns of China's high-speed railway undertakings evolving from government-affiliated enterprises to special legal person enterprises and then shareholding companies?(3) The applicability of the Anti-Monopoly Law to the high-speed railway industry. Our conclusions from the perspective of competition policy are worth referencing for similar industries such as electric power, telecommunications, and water and gas supply.展开更多
文摘China's high-speed railway industry achieved dazzling development over the years, but not much research has been devoted to this industry from the perspective of competition policy. This paper focuses on the industrial organization of China's high-speed railway industry and the applicability of the Anti-Monopoly Law. We intend to answer the following questions:(1) Why is the high-speed railway industry not an industry of natural monopoly? Which segments of the industry have elements of natural monopoly?(2) At the level of corporate organization, what is the legal and economic rationale behind the patterns of China's high-speed railway undertakings evolving from government-affiliated enterprises to special legal person enterprises and then shareholding companies?(3) The applicability of the Anti-Monopoly Law to the high-speed railway industry. Our conclusions from the perspective of competition policy are worth referencing for similar industries such as electric power, telecommunications, and water and gas supply.
