No Tiresome Competition Here

Hong Kong is about to get a law sometime later this year designed to regulate competition in an economy that has always prided itself on being red in fang and claw. But don’t look for much substance. The oligarchs of Hong Kong have always been largely exempt from the hard scramble of real competition and the powers that be are making sure that the final law is going to be more form than substance ‑ no review mechanisms for the control of mergers and acquisitions, no criminal sanctions and no consumer protection provisions.

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