Anti-monopoly for Chinese consumers' rights: govt
Updated: 2014-08-09 14:41
(China Daily)
|
||||||||
China's recent wave of antitrust probes does not specifically target foreign multinational enterprises operating, a government spokesman said on Saturday, Aug 9.
The recent antimonopoly investigations on some foreign companies are to promote fair competition and protect consumers' right, Shen Danyang, a Ministry of Commerce spokesman, said in a statement posted on the ministry's website on Saturday noon.
"Probes on monopolistic practices are universal practices," he said. "Companies in China, domestic or foreign, must bear legal responsibilities if they violate Chinese laws."
The National Development and Reform Commission, one of the three major antitrust regulators in China, said earlier this week that 12 Japanese auto companies have been investigated for suspected price manipulation of automobile parts. NDRC bureaus in Shanghai and Hubei province are also completing probes into US carmaker Chrysler and German manufacturer Audi.
NDRC officers raided Mercedes-Benz's Shanghai office on Monday, Aug 4, and its distributors in five Chinese cities last week.
A team from the State Administration for Industry and Commerce, another antitrust regulator, also visited consultancy firm Accenture's office in Dalian, Liaoning province. Accenture provides financial services for Microsoft China on Wednesday; the office visit is an escalation of the anti-monopoly probe on the US software giant.
No punishment has been announced so far for any of these companies.
Shen said since the adoption of China's Anti-Monopoly Law six years ago, both domestic and foreign companies have been put under investigations. "Companies are equal in the implementation of the law. The law does not specially targets foreign investors."
He said foreign-invested companies and multinationals have been an important component in China's economy and play a positive role in China's economic and social development. He said China welcomes multinational companies and is devoted to promoting a fair market for all market players.
|
|
BMW to reduce prices amid antitrust probe | Audi faces colossal fines for monopoly |
- China's antitrust body slaps fine on Japanese firms
- Chrysler, Audi under investigation: report
- Mercedes-Benz confirms antitrust investigation
- Don't block antitrust probe, watchdog warns Microsoft
- Mercedes-Benz cuts spare-part prices on anti-monopoly probe
- Microsoft likely targeted in Chinese antitrust probe
- Lily Qi: Leading like a true American
- Navy crews from China, US compete in matches
- Will Chinese tourists 'heart' New York too?
- Mobile gamer iDream Sky raises $115m in IPO
- China Southern launches Guangzhou-New York service
- Chinese cadets' numbers rise in US military academies
- US funded Chinese fashion website targets a new customer segment
- 'Dr Tea' takes on the US
Most Viewed
Editor's Picks
Leading leaden lives |
Former security chief under probe |
China helps fight international war on drugs |
Crackdown on terrorist attacks |
My China Story: Meeting the master |
Tongues tied around tatu-bola |
Today's Top News
Beijing 'open' to US airstrikes in Iraq
Foreigners jailed for obtaining data
BMW to reduce prices amid probe
New thriller breaks stereotype
US airstrikes Iraqi Sunni extremist targets
Pandas find friend in World Peace
Obama authorizes targeted airstrikes in Iraq
WTO nixes China rare earth bid
US Weekly
Geared to go |
The place to be |