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China: Europe to talk tough with China regulators

By  |  February 24, 2015

Companies caught up in Chinese investigations, most notably anti-competition probes launched by the National Development and Reform Commission recently have decided to keep a low profile and cooperate with the watchdog.

The European Union Chamber of Commerce in China, by contrast, has been much more vocal in its criticism of Beijing’s regulators, both in an annual position paper and one-off statements, The Financial Times reported.

At least two senior executives objected to the regulator’s suggestion that the company might avoid an anti-competitive finding and fine by pre-emptively lowering the cost of its goods and services.

“It is heartening that at least one chamber is not afraid to fight for its members publicly and dares to say what so many foreign investors, European and US alike, cannot say themselves.” Said Tom Mitchell with the Financial Times.

 

Full Content: The Financial Times

 

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