The Importance of China's Competition Law in the Management of Data in the Country's Rapidly Developing Digital Economy: Policy Recommendations for Pakistan

Abstract

With the expansion of the digital economy and the rising importance of data, organizations are under more regulatory scrutiny over the collection, use, and sharing of data. Antitrust and competition authorities and governments worldwide are now evaluating and deliberating on the applicability and suitability of antitrust and competition laws in addressing data-related issues, notably within the digital economy. Parallel ideas and concerns are also gaining prominence in China. China has not only been enhancing its legislative framework to govern and facilitate state control over data, but it has also significantly strengthened regulatory oversight and control over Internet and technology firms. Competition legislation has prominently featured in China's governmental efforts to suppress the Internet and technology industries. Regulatory competition in the post-industrial digital economy is examined. Regulatory competition is achieved through neo-protectionism, which aims to boost social and economic development and growth by creating new comparative advantages in the digital economy. Innovative, digital, and information Neo-protectionism has emerged as a key aspect of international economic strategy for nations that lead its implementation. This article examines how China's competition laws may regulate Internet and technology companies' data and behavior. By analyzing China's data regulatory structure and competition rules, including political and economic aspects, this is achieved. China's political economy and competition rules consider many interests, aims, and priorities. Concerns that other nations may not associate with competition law may be included. China's macroeconomic monitoring guides competition law enforcement.