For­eign firms ‘not tar­get’ of an­titrust probes

China Daily (Canada) - - NEWSCAPSULE -

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)

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