In the news: Antitrust investigations not targeting foreign companies, China signs tax convention and Consumer Rights Law
August 29, 2013 | BY
clpstaff &clp articlesA top official has said that the series of antitrust investigations this year are not only targeted at foreign companies. China has signed a tax convention and the Consumer Rights Law has been reviewed
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Foreign companies are not antitrust targets
An official from the National Development and Reform Commission (NDRC) has said that antitrust investigations this year are not specifically targeting foreign companies, but are instead part of an overall effort at tougher enforcement of the PRC Anti-monopoly Law (中华人民共和国反垄断法), according to China Daily. The official, Xu Kunlin, added that most investigations result from tip-offs from the general public and that foreign and domestic companies are treated equally. Xu, director-general of the Department of Price Supervision, made the comments during an interview on China Central Television.