Description: Thirteen years in the making, China's first comprehensive antitrust law, the Antimonopoly Law, went into effect on August 1, 2008. True, it is modeled on foreign practice. But ambiguities remain. During this talk, Mr. Bush addressed the following questions: "Will this new law promote consumer welfare, innovation, and efficiency through the competitive process? Or will it gravitate towards populism, protectionism, and industrial policy?"