China says it has 'substantial' price-fixing evidence against Qualcomm

Advertisement
By Reuters | Updated: 12 December 2013 18:34 IST
China's top economic planning agency has "substantial evidence" against chipmaker Qualcomm Inc in an antitrust probe, state media on Thursday quoted a senior official at the price regulator as saying.

The official English-language China Daily attributed the comment to Xu Kunlin, head of the National Development and Reform Commission's (NDRC) anti-price-fixing bureau, in the agency's first public comment on the case.

The report gave no further details.

A China-based public relations official for Qualcomm said the company had no comment on Xu's remarks. Qualcomm, the world's biggest maker of cellphone chips, said in November that it would cooperate with the NDRC in an antitrust investigation, though it was unaware of any anti-monopoly law violations.

Advertisement

(Also see: Qualcomm announces it is facing an antitrust probe in China)

The NDRC has been stepping up its crackdown on anti-monopoly violations over the past several months. It handed down record fines to six milk powder companies, including Mead Johnson Nutrition Co and Danone, in August and has also punished domestic jewellers for antitrust violations.

Advertisement

Xu was also quoted as saying the agency would add at least 170 people to its price-fixing enforcement teams as it redoubles efforts to tame anti-competitive behaviour in major industries, including the automotive sector.

Twenty of those employees will join its Beijing office, boosting its size from its current 46 employees, the China Daily said.

Advertisement

The expansion "reflects the country's determination to deal with price fixing", the newspaper said.

Xu also called for the merger of his bureau with antitrust divisions at the Ministry of Commerce and the State Administration for Industry and Commerce, two agencies with which it has "overlapping" duties.

Advertisement

Experts have argued that China's antitrust enforcers are woefully understaffed even as they embrace new-found global clout in regulating monopolistic practices and mergers.

China is trying to restructure the economy so that growth is driven by consumption and antitrust agencies have said they will target industries where practices could lead to "unreasonably" high consumer prices.

Regulators have said they will focus on six sectors - aerospace, chemicals, automobiles, telecommunications, pharmaceuticals and home appliances.

© Thomson Reuters 2013

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Advertisement
Popular Mobile Brands
  1. Redmi Pad 2 Pro 5G Will Launch in India Soon: See Expected Features
  1. Physicists Push Superconducting Diodes to Higher Temperatures
  2. NASA’s Perseverance Rover Poised for Years of Exploration Across Jezero Crater
  3. James Webb Space Telescope Could Illuminate Dark Matter in an Unexpected Way
  4. James Webb Confirms First Runaway Supermassive Black Hole Rocking Through Space
  5. Interstellar Comet 3I/ATLAS to Make Closest Approach to Earth on December 19
  6. The Roofman Now Streaming Online: Everything You Need to Know
  7. Adobe Firefly Platform Updated With New AI Models and Tools, Offers Limited-Time Unlimited Generations
  8. Boat Valour Ring 1 Launched in India With Heart Rate Variability Tracking, Up to 15-Day Battery Life: Price, Features
  9. Call of Duty: Black Ops 7 Was the Best-Selling Game in the US in November, but Trails Battlefield 6 in 2025
  10. Truecaller Voicemail Feature Launched for Android Users in India With Transcription in 12 Regional Languages
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.