Vanessa Yanhua Zhang

Dr Vanessa Yanhua Zhang specializes in economics analysis in competition policy. She has worked a wide range of competition matters involving allegations of monopolization, foreclosure practices, vertical restraints, merger analysis and intellectual property. She has consulted on projects across various industries, such as payment card, banking, pharmaceutical, high tech, electricity, telecommunication, and consumer products. She is the author of several academic articles on China's merger control and Anti-Monopoly Law (AML), economic analysis of competition policy, conspiracies, electricity market, and has published in peer-reviewed journals such as Journal of Competition Law and Economics, Review of Industrial Organization, Annals of Economics and Statistics (Annales d'Economie et Statistique), Competition Policy International, Global Competition Policy, Singapore Economic Review, Revue Européenne de Droit et d'Economie. She has provided comments on China's AML, Intellectual Property and related regulations to Chinese enforcement agencies. She is recognized by Euromoney's 2010-2014 Expert Guide to the World's Leading Competition and Antitrust Lawyers/Economist: China.

Vanessa Yanhua Zhang
Vanessa Yanhua Zhang
Managing Director, Beijing & New York
(212) 419-0487
Antitrust/Competition Policy

Dr Zhang has taught regulation and antitrust economics to graduate students at Renmin University of China. She is also the Editor of the Asia Antitrust Column at Competition Policy International. Prior to joining Global Economics Group (GlobalEcon), Dr Zhang took various positions at Law and Economics Consulting Group (LECG), worked as a visiting researcher at CPB Netherland Bureau for Economic Policy Analysis, and was a lecturer at the University of Toulouse in France.



Journal Articles:

  • Patent Trolls and China’s Competition & Innovation: Impact and Policy Implication, Electronics Intellectual Property, March 2014, (with Xinzhu Zhang and Hongwei Wang, in Chinese)
  • Analyzing Competition Among Internet Players: Qihoo 360 v. Tencent, Antitrust Chronicle, May 2013, (with David Evans and Howard Chang)
  • The Qihoo v. Tencent Landmark Decision, Competition Policy International: Asia Column, April 2013, (with David Evans), available at
  • Industry Restructuring: A Case for Affirmative Action, Annals of Economics and Statistics (Annales d’Economie et Statistique), January/June 2013, vol. 109/110, pp.179-201. (with Bertrand Villeneuve).
  • “Revisiting China’s Merger Control: Where Are We Going after the Three-Year Milestone? Dovenschmidt Quarterly, January 2013, No. 1, pp. 25-33. (with Xinzhu Zhang)
  • New Wine into Old Wineskins: Recent Developments of China’s Competition Policy against Monopolistic/Collusive Agreements, Review of Industrial Organization, Vol. 41, Issue. 1 (2012), pp. 53-75. (with Xinzhu Zhang).
  • “Vertical Relationships in China’s Electricity Industry: the Quest for Competition? Utilities Policy, Vol. 19, No. 2, June 2011. (with Yongjun Chen)
  • Chinese Merger Control: Patterns and Implications, Journal of Competition Law and Economics, 2010 6(2): 477-496. (with Xinzhu Zhang)
  • “Electricity Restructuring in China: How Competitive Will Generation Markets Be? Singapore Economic Review, Vol. 55, No.2, 2010, pp. 377-400. (with Russell Pittman)
  • Standardisation Policy in China: A Path from Made-in-China to Innovated-in-China, Talkstandards Forum, June 2010, (with Anne Layne-Farrar), available at
  • The InBev and Anheuser-Busch Merger in China: A View from Economists, Global Competition Policy, December 2008,(with Xinzhu Zhang and Howard H. Chang)
  • “The Anti-monopoly Law in China: Where Do We Stand?, Competition Policy International, Vol. 3, No. 2, Autumn 2007. (with Xinzhu Zhang)
  • Incomplete Contract and the Behavior of Judicial Agency, Revue Européenne de Droit et d’Economie, Vol 9. 2006
  • Forward Contract and Collusion: the European Electricity Markets, Proceedings of 29th International Conference of the International Association for Energy Economics (IAEE), June 2006
  • Forward Trading Efficiency and Capacity Investment, Proceedings of 28th International Conference of the International Association for Energy Economics (IAEE), June 2005, (with Bertrand Villeneuve)

Book Chapters:

  • New Developments in China’s Competition Policy Against Monopolist/Collusive Agreements, Economics and Regulation in China, Michael Faure and Guangdong Xu (eds.), Routledge, London and New York, 2013, pp. 109-133. (with Xinzhu Zhang)
  • China’s Merger Control Policy: Three-Year Milestone, Merger Control in European and Global Perspective, Philip Lowe and Mel Marquis (eds.), Hart Publishing, Oxford and Portland, 2012, pp. 303-313. (with Xinzhu Zhang)
  • Chinese Merger Control: Patterns and Implications, Competition Policy and Regulation: Recent Development in China, the US and Europe, Michael Faure and Xinzhu Zhang (eds.), Edward Elgar, 2012, pp. 241-261. (with Xinzhu Zhang)


  • “Assessing Unfair Pricing Under China’s Anti-Monopoly Law for Innovation-Intensive Industries, with David S. Evans and Xinzhu Zhang, available at
  • Market Power Mitigation Contracts and Contract Duration, with Gijsbert Zwart (CPB Netherlands Bureau for Economic Policy Analysis and University of Tilburg)
  • Forward Contract and Collusion in the Electricity Markets
  • Collusion and Commitment in Bank Bailout


  • David S. Evans, Andrei Hagiu and Richard Schmalensee, Invisible Engines: How Software Platforms Drive Innovation and Transform Industries, MIT Press, 2008. (translated into Chinese, with Prof. Hongmin Chen and Prof. Li Xu, Tsinghua University Press, 2010)


  • 2010-2014 World’s Leading Competition & Antitrust Lawyers/Economists: China (EuromoneyExpert Guide)
  • 2006 First Winner of the Paul Geroski Prize, Granted by the European Association for Research in Industrial Economics


  • 2014 Global Competition Review 3rd Annual Law Leaders Asia-Pacific (invited speaker), Singapore
  • 2013 Conference on Market Definition of Internet Industry, Dalian, China
  • 2012-2014 Invited seminar presentations at Renmin University, Beijing, China
  • 2011 Latham & Watkins Conference The Global Marketplace: Keys to Success, Palo Alto, CA, USA (Invited speaker)
  • 2010 2nd Annual Anti-Monopoly & Competition Policy Law Summit, Beijing, China (Invited speaker)
  • Annual Conference of Western Social Science Association, Reno, NV, USA
  • Invited seminar presentations at Shanghai Jiaotong University, Shanghai, China and Renmin University, Beijing, China
  • 2009 Invited seminar presentations at Shanghai University of Finance and Economics, Shanghai, China and Chinese Academy of Social Sciences, Beijing, China
  • 2008 AEA/ASSA annual meeting, New Orleans, LA, USA
  • 2007 North American Summer Meeting of the Econometric Society, Duke University
  • 5th International Industrial Organization Conference (IIOC), Savannah, GA, USA
  • AEA: session Antitrust and Competition Policy, Chicago, IL, USA
  • 2006 Invited talk at the Conference on Risk, Regulation and Competition: Banking in Transition Economies, Ghent, Belgium
  • 33rd Annual Conference of the European Association for Research in Industrial Economics (E.A.R.I.E.), Amsterdam, the Netherlands (Chair)
  • 29th IAEE International Conference, Potsdam, Germany
  • 4th International Industrial Organization Conference (IIOC), Boston, USA
  • AEA/ASSA annual meeting, Boston, USA
  • 2005 32nd Annual Conference of the European Association for Research in Industrial Economics (E.A.R.I.E.), Porto, Portugal
  • 20th Annual Conference of the European Economics Association (EEA), Amsterdam, the Netherlands
  • Invited talk at the Research Center for Regulation and Competition (RCRC), Chinese Academy of Social Sciences (CASS), Beijing, China
  • 28th IAEE International Conference, Taipei, Taiwan



  • Referee for The Energy Journal, Revue Européenne de Droit et d’Economie, Utilities Policy.