Anti-monopoly for Chinese consumers’ rights: govt

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.
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.

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