Anti-monopoly probes to include Chinese firms
More than 1,000 Chinese and overseas companies in the auto industry, including manufacturers, suppliers and dealers, are involved in anti-monopoly investigations, according to an official at China’s top economic planning body.
Antitrust investigations already announced in the auto and telecommunications sectors have spread to other industries, such as a large number of cement and medical, according to sources.
Besides recent high-profile cases, antitrust investigations into domestic companies are also underway and a monopoly case involving a State-owned company will be disclosed soon, an official at the National Development and Reform Commission, who declined to be identified, told China Daily. (Photo 5)