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China: New anti-monopoly law – majors safe, for now

AFTER YEARS in the making, the country's anti-monopoly law came into effect at the start of August. Although it is unlikely to have much of an impact on large upstream and refining investments, foreign companies may feel its force further down the supply chain. The law has been introduced at a time when the country is opening up some parts of its economy to further foreign investment, allowing companies such as BP, Shell, Total and ExxonMobil to make inroads into the domestic market, especially in wholesaling and retailing gasoline and other refined products. While their operations are probably too small at present to fall foul of tighter monopolies legislation, there may be implications in

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