A PYMNTS Company

China: NDRC blankets nation with probes in six industries

By  |  November 26, 2013

China’s National Development and Reform Commission is stepping up its antimonopoly efforts with the announcement of the launch of probes in six different markets.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Local media reported that the NDRC will open investigations into the aerospace, medicine, household chemicals, automobile, telecommunications and household appliance sectors. According to NDRC official Lu Yanchun, the probes will focus on both foreign and domestic companies, as well as industry associations.

    China has a growing reputation for one of the strictest competition regimes on the globe. In the last three years, nearly 20 investigations have been launched into pricing practices of various companies.

    Full Content: South China Morning Post

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.