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Thursday, 14 August 2014

China Panel Fires Adviser Over Qualcomm Tie

A panel that advises China’s Cabinet on anti-monopoly policy has fired an economist who was paid to help prepare a report for Qualcomm, a U.S. company that is the target of a pricing investigation, according to state media.


Zhang Xinzhu, a researcher at the Chinese Academy of Social Sciences, was dismissed from the 21-member panel for “discipline violations,” the China News Service and other outlets reported.


Qualcomm Inc. said Zhang was one of several economists who worked for Global Economics Group LLC, a U.S. firm it hired to prepare a report in response to accusations Qualcomm violated Chinese anti-monopoly law. The San Diego, California-based company supplies chips used in smartphones and other mobile devices.


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