The European Union Chamber of Commerce urged China to ease action taken against foreign companies and to impartially impose corporate laws to boost competition in the country.
The call comes as foreign businesses have come under pressure in China, where regulators are attempting to level the corporate playing field by using antitrust laws against multinational companies. The auto sector in particular has been under government watch, with regulators launching probes of anticompetitive behavior.
The European Union Chamber said in a statement Wednesday that it has heard “alarming” accounts from European companies that intimidation tactics are being used to force companies to accept punishment without full hearings. Chinese authorities are advising companies not to challenge investigations or seek legal or government assistance, the statement said.
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Laurie Burkitt, Wall Street Journal via CHINA US Focus http://ift.tt/1lURcnW
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