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China: Dozens of new hires to boost price-fixing watch in 2014

By  |  December 12, 2013

China’s National Development and Reform Commission announced plans to hire at least 170 new employees for the regulator’s antitrust team, a move that is part of the NDRC’s agenda to crack down on price-fixing in the nation.

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    Reports say about 20 new hires will be based in Beijing, whereas the rest will be based in local departments. The scope of the plans is unprecedented and reflects the nation’s determination to stop monopolistic behavior, even as the nation has vowed to limit government hires to cut costs, reports say.

    The news also marks the second round of hires for the NDRC since its head, Xu Kunlin, took office in 2009.

    The NDRC is currently in the process of investigating US-based Qualcomm; authorities said they have “substantial evidence” against the company, but did not elaborate.

    Full Content: China Daily

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