Anti-monopoly law not to affect foreign investment

时间：2007-10-06 00:30:40

（单词翻译:单击）

Oct. 5 - An official with China's top legislature says the government will maintain its policy of encouraging foreign investment unchanged after the passing of the country's first anti-monopoly law.

 

The official with the Commission for Legislative1 Affairs of the Standing2 Committee of the National People's Congress said the necessary security checks on foreign investment in domestic enterprises would pose no obstacles to the utilization3 of foreign capital.

 

The legislature passed the anti-monopoly law on Aug. 30 and it will come into effect on Aug. 1, 2008.

 

The law requires checks on mergers4 of foreign and Chinese enterprises to ascertain5 whether they affect national security.

 

"China has already established basic checks on foreign investment through regulations," the official told Xinhua.

 

A regulation issued by the State Council authorized6 government departments to initiate7 checks if the foreign firms "jeopardize8 national security or public interests" or "employ Chinese developed technology".

 

Another rule jointly10 published by six ministries11 and departments requires foreign companies to submit to checks if they take control of a joint9 venture in one of China's key industries.

 

"Checks on mergers of foreign and domestic firms are practiced by many countries," the official said, adding the law was following international practice.

 

"The anti-monopoly law will intensify12 regulation of the market and help to provide a better market environment for both domestic and foreign investors," he said.

 

The official said the law would prevent SOEs in monopolistic industries such as petroleum13, telecommunications, mail services and tobacco from abusing their market dominance to lower services and disregarding the public interests.

 

China joins more than 80 countries in adopting an anti-monopoly law.Drafting of the law began in 1994.

 

Experts said China's socialist14 market economy had matured in the last decade, and the current market circumstances made the introduction of an anti-monopoly law imperative15.

 
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1 legislative K9hzG     
n.立法机构，立法权；adj.立法的，有立法权的
参考例句：
  • Congress is the legislative branch of the U.S. government.国会是美国政府的立法部门。
  • Today's hearing was just the first step in the legislative process.今天的听证会只是展开立法程序的第一步。
2 standing 2hCzgo     
n.持续，地位；adj.永久的，不动的，直立的，不流动的
参考例句：
  • After the earthquake only a few houses were left standing.地震过后只有几幢房屋还立着。
  • They're standing out against any change in the law.他们坚决反对对法律做任何修改。
3 utilization Of0zMC     
n.利用，效用
参考例句：
  • Computer has found an increasingly wide utilization in all fields.电子计算机已越来越广泛地在各个领域得到应用。
  • Modern forms of agricultural utilization,have completely refuted this assumption.现代农业利用形式，完全驳倒了这种想象。
4 mergers b4ab62fffa9919cbf1e93fcad6d3150c     
n.（两个公司的）合并( merger的名词复数 )
参考例句：
  • Mergers fall into three categories: horizontal, vertical, and conglomerate. 合并分为以下三种：横向合并，纵向合并和混合合并。 来自辞典例句
  • Many recent mergers are concentrated within specific industries, particularly in retailing, airlines and communications. 现代许多合并企业集中进行某些特定业务，在零售业、民航和通讯业中更是如此。 来自英汉非文学 - 政府文件
5 ascertain WNVyN     
vt.发现，确定，查明，弄清
参考例句：
  • It's difficult to ascertain the coal deposits.煤储量很难探明。
  • We must ascertain the responsibility in light of different situtations.我们必须根据不同情况判定责任。
6 authorized jyLzgx     
a.委任的，许可的
参考例句：
  • An administrative order is valid if authorized by a statute.如果一个行政命令得到一个法规的认可那么这个命令就是有效的。
7 initiate z6hxz     
vt.开始，创始，发动；启蒙，使入门；引入
参考例句：
  • A language teacher should initiate pupils into the elements of grammar.语言老师应该把基本语法教给学生。
  • They wanted to initiate a discussion on economics.他们想启动一次经济学讨论。
8 jeopardize s3Qxd     
vt.危及，损害
参考例句：
  • Overworking can jeopardize your health.工作过量可能会危及你的健康。
  • If you are rude to the boss it may jeopardize your chances of success.如果你对上司无礼，那就可能断送你成功的机会。
9 joint m3lx4     
adj.联合的，共同的；n.关节，接合处；v.连接，贴合
参考例句：
  • I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤，肩膀脫臼了。
  • We wrote a letter in joint names.我们联名写了封信。
10 jointly jp9zvS     
ad.联合地，共同地
参考例句：
  • Tenants are jointly and severally liable for payment of the rent. 租金由承租人共同且分别承担。
  • She owns the house jointly with her husband. 她和丈夫共同拥有这所房子。
11 ministries 80c65392682fb821af91521513be1259     
（政府的）部( ministry的名词复数 )； 神职； 牧师职位； 神职任期
参考例句：
  • Local authorities must refer everything to the central ministries. 地方管理机构应请示中央主管部门。
  • The number of Ministries has been pared down by a third. 部委的数量已经减少了1/3。
12 intensify S5Pxe     
vt.加强；变强；加剧
参考例句：
  • We must intensify our educational work among our own troops.我们必须加强自己部队的教育工作。
  • They were ordered to intensify their patrols to protect our air space.他们奉命加强巡逻，保卫我国的领空。
13 petroleum WiUyi     
n.原油，石油
参考例句：
  • The Government of Iran advanced the price of petroleum last week.上星期伊朗政府提高了石油价格。
  • The purpose of oil refinery is to refine crude petroleum.炼油厂的主要工作是提炼原油。
14 socialist jwcws     
n.社会主义者；adj.社会主义的
参考例句：
  • China is a socialist country,and a developing country as well.中国是一个社会主义国家，也是一个发展中国家。
  • His father was an ardent socialist.他父亲是一个热情的社会主义者。
15 imperative BcdzC     
n.命令，需要；规则；祈使语气；adj.强制的；紧急的
参考例句：
  • He always speaks in an imperative tone of voice.他老是用命令的口吻讲话。
  • The events of the past few days make it imperative for her to act.过去这几天发生的事迫使她不得不立即行动。

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