Anti-trust move is market-based
Updated: 2014-08-12 11:10
By Xin Zhiming (chinadaily.com.cn)
|
|||||||||||
When Rio Tinto employees were arrested for the theft of trade secrets and espionage in 2009 they accused China of using them as a bargaining chip in iron ore price negotiations.
When GlaxoSmithKline (GSK) was investigated for bribing government and hospital staff to increase drug sales in 2013, it accused China of attempting to squeeze foreign companies out of its vast consumer market.
When Microsoft and other foreign companies were probed for alleged market monopoly they accused China of discriminating against foreign enterprises.
Western media commentators seem ready to accuse China of foul play whenever foreign enterprises are concerned.
The unspoken stance is no matter what they may have done in China, western companies should be exempt from investigation and punishment; if not, it would be an unequivocal sign of China's bullying of foreign players.
To have a better understanding of such a psychology of self-importance, let's look at what has happened on western soil.
In 2012, GSK reached a settlement with the US Department of Justice and agreed to pay $3 billion for promoting its drugs for unapproved uses, irregular promotion and paying kickbacks as well as price manipulation in healthcare programs.
Few have accused the US federal government of abusing its regulatory power.
Related Stories
No letup in spate of antitrust probes 2014-08-07 06:58
China's antitrust body slaps fine on Japanese firms 2014-08-06 11:34
Mercedes targeted in antitrust investigation 2014-08-06 07:02
Don't block antitrust probe, watchdog warns Microsoft 2014-08-05 07:31
Antitrust lawyers a 'hot commodity' in China 2014-07-04 08:43
Today's Top News
Untested Ebola drugs ethical, says WHO
China demands more overseas crude
China halts some US pork imports over feed additive use
Over 1,000 auto firm under probe
Spanish priest with Ebola dies
Russian convoy heads to east Ukraine
UK launches 24-hour visa service in China
Chinese medics reach Sierra Leone
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Horrific nightmare at Kunshan factory |
Shaolin: Fists of fame |
Reading into an online age |
China helps fight international war on drugs |
Crackdown on terrorist attacks |
My China Story: Meeting the master |