Chinese regulator denies anti-foreigner bias

A senior regulator in China has denied treating foreign businesses more harshly than domestic ones - despite handing out fines to Audi and Chrysler.

China has denied regulatory abuse Aleksandar Mijatovic

The National Development and Reform Commission (NDRC) fined FAW-Volkswagen Sales, the marketer of Audis in China, a total of US$40.6m for price fixing. And Chrysler was fined US$5m. But Xu Kunlin, a senior NDRC official, said: ‘If people say we are selective [towards foreign companies], the truth is that we do not have the time and energy to select. We do not select which companies to look into – the consumers do the selecting. We investigate the companies where we receive well-grounded complaints.’ Source: Financial Times

Email your news and story ideas to: news@globallegalpost.com

Top