Foreign firms ‘not target’ of antitrust probes
China’s antitrust investigations aren’t targeting foreign companies but are part of an overall effort at tougher enforcement of the anti-monopoly law, according to an official at China’s top economic planning body said
Six infant formula makers, five of them foreign, were fined for price-fixing and anti-competitive practices earlier this month. It’s been reported that the vehicle and pharmaceutical industries are also being investigated, raising concerns among companies over what industry will be the next target of antitrust investigators.
“Most investigations result from public tip-offs and there is no intention of targeting a specific type of company … we treat domestic and foreign companies equally,” said Xu Kunlin, director-general of the Department of Price Supervision under the National Development and Reform Commission. (Photo 3)