China’s three anti-monopoly regulators on Thursday launched a vigorous defence of their recent investigations into foreign companies, which have prompted mounting international criticism, and said they are not targeting multinational firms.
At least 30 foreign firms, including U.S. companies such as Qualcomm Inc (QCOM.O) and Microsoft Corp (MSFT.O), have come under scrutiny as China seeks to enforce a 2008 anti-monopoly law that some critics say is being used to unfairly target overseas businesses, raising protectionism concerns.
“Our anti-trust enforcement work is strictly conducted according to regulations,” said Xu Kunlin, director general of the National Development and Reform Commission’s (NDRC) Price Supervision and Inspection and Anti-Monopoly Bureau.
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Michael Martina and Xiaoyi Shao, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/r8e3VgwE2bw/
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