China mulls investigations into more sectors

China's suddenly vigorous enthusiasm for investigations into corporate behavior could strengthen further, with the National Development & Reform Commission (NDRC) reported to be considering probes into the petroleum, telecommunications and banking sectors.

The idea is to scrutinize industries that affect the lives of ordinary Chinese. However, the sectors mentioned are dominated by state-run companies, such as China Unicom (CHU), China Mobile (CHL) and China Telecom (CHA) in the communications industry, while it's the government that sets the price of oil.

The healthcare sector is already under well-publicized scrutiny, while the NDRC has also asked for information about the prices of foreign cars.

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Comments (1)
    , contributor
    Comments (133) | Send Message
    Even though Tim Cook schmoozed with the head of CHL
    yet again a few weeks ago, the deal between AAPL and CHL
    that has been rumored for years and would be enormous for
    both, doesn't look likely while the heavy hand of a state
    investigation is on CHL.


    15 Aug 2013, 04:40 AM Reply Like
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