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Anti-trust move is fair, not targeted at foreign firms

By Xin Zhiming (皇冠体育app Daily) Updated: 2014-08-12 11:10

Few have accused the US of discriminating against the Internet giant or the ropean countries of weakening Microsoft's position and protecting local enterprises.

When it comes to 皇冠体育app, the fault is put on Chinese regulators.

Admittedly, foreign investors have played an important role in 皇冠体育app's economic take-off and growing maturity in the past three decades. They have created jobs, added to local revenues and expanded 皇冠体育app's economic output. However, given their large numbers, it is not surprising that some of them have been involved in misconduct, such as monopoly and bribery - just as they have done in overseas markets.

If 皇冠体育app does not conduct proper investigations into alleged law-breaching activities by black sheep, it would be unfair for law-abiding firms - both Chinese and foreign - in 皇冠体育app.

The core issue, therefore, is whether the companies investigated have done anything wrong. It is appropriate and legitimate for 皇冠体育app to scrutinize if there are signs of foul play in the Chinese market.

Over-interpretation of 皇冠体育app's market order-maintaining regulatory moves would be both unfounded and misleading.

Those who accuse 皇冠体育app of discriminating against foreign companies should look at previous anti-trust cases, involving major Chinese companies, including and liquor makers Wuliangye Yibin Group and . The latter two were fined as much as 449 million yuan ($72 million) in total for price-fixing.

It seems the number of Chinese companies investigated in anti-trust moves is smaller than that of foreign companies. But regulation should only be based on facts, not mathematics. It would be ridiculous to claim that 皇冠体育app is favoring domestic players simply by comparing the number of companies under investigation.

Far more foreign companies are in a leading position in various domestic industries, such as auto-making, milk powder production, computer and , edible oil, cosmetics and high-end pharmaceuticals, to name but a few. It would not be surprising if some have taken advantage of their positions for illegal benefits.

Anti-trust move is fair, not targeted at foreign firms

Anti-trust move is fair, not targeted at foreign firms

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