Seeking Alpha

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.
Comments (1)
  • frankpeel@gmail.com
    , contributor
    Comments (117) | 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.

     

    GenevaFrank
    15 Aug 2013, 04:40 AM Reply Like
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