The Role of Economics in Chinese Merger Appraisal
Edgeworth Partner Dr. Fei Deng and co-author Dr. Su Sun published this article in the Journal of Antitrust Enforcement. The article describes the role of economic analysis as provided in China’s Anti-monopoly Law, merger regulations and guidelines, and how such economic considerations have been applied in Ministry of Commerce’s (MOFCOM) merger review decisions when it has intervened. The article also provides a case study of the specific methodologies adopted by MOFCOM in its review of the Thermo Fisher/Life Technologies merger. It can be expected that economic analysis will play an increasingly important role in China’s merger review work.