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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.

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

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