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People’s Daily: Foreign Companies Received Yellow Card for Seeking Monopoly Advantage

People’s Daily published an article about the recent anti-monopoly measures imposed on foreign companies doing businesses in China, including Microsoft, Qualcomm, Benz, and BMW. The article said that these companies were given favorable treatment during the initial period of China’s economic open door policy and gained an advantage in their respective markets but now they are using that advantage to exercise anti-competition practices. The article quoted the spokesperson from the Ministry of Commerce, who stated that the anti-monopoly measures were to promote fair competition and all companies, whether they are domestic or foreign, should be subject to punishment under this policy.

Source: People’s Daily, August 11, 2014