Think tank launched to protect ICT competition, innovation

The University of International Business and Economics (UIBE) established Sunday an institution dedicated to research on competition and development in the fast-developing Information and Communication Technology (ICT) industry.

The institution, named ICT Competition Laboratory, will focus on the level of openness and competition of ICT and set criteria as to whether an ICT enterprise's action is legitimate.

At the ceremony, two international and two domestic experts gave speeches on the benefits of implementing antitrust law.

Joshua D. Wright, Commissioner, Federal Trade Commission, gave his first public remarks in the event to discuss the concept of "evidence-based" antitrust enforcement, the importance of its application to the technology sector, and some recent experience involving the Federal Trade Commissions enforcement efforts in high-tech market.

David S. Evans, Chairman of Global Economics Group, made a speech on four topics: the big picture of the Internet, the basic economics of online industries, market power, and abuse of dominance and monopolization in ICT industry.

China's ICT industry is expected to keep expanding in 2013 and reach the scale of 360.5 billion U.S. dollars, with a year-on-year growth of 8.9 percent, according to International Data Corporation's estimate.

As the most active and the most extensive industry in nowadays, ICT faces the urgent problems of illicit competition. For example, the blockbuster cases of the anti-monopoly dispute between Qihoo Technology Co., Ltd and Tencent Computer System Co., Ltd, and unfair competition dispute between Qihoo and Kingsoft security software.

"The ICT market in China has long been under weak supervision and dominated by several major companies. Thus the national regulation must ensure the balance between innovation protection and industrial order," said Huang Yong, professor of UIBE specializing in competition law.

"The laboratory will give advice to completion-related law enforcement and industrial practice via legal studies; moreover, it will provide an open platform for discussions on the most cutting edge topics with experts from government, academia, and ICT industry involved," Huang added.

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