· US Treasury Secretary warns against China's anti-monopoly actions

US Treasury Secretary Jacob Lew recently sent a letter to Chinese Vice Premier Wang Yang. According to sources who heard the contents of the letter, Lu said in a letter that China’s series of anti-monopoly investigations against foreign companies may bring Sino-US relations To seriously affect.
According to the insiders, China’s recent concerns about foreign companies may reduce the value of foreign intellectual property. People familiar with the matter said that the letter also mentioned a meeting attended by Lu and Wang Yang during the China-US Strategic and Economic Dialogue forum held in Beijing in July. The Chinese side promised to use anti-monopoly law to improve consumer welfare. Instead of promoting other businesses or industries.
A spokesperson for the State Council of China did not respond to requests for comment from reporters on Sunday. Earlier, Chinese officials have stated that they treat foreign and local companies equally. China's highest economic planning department China National Development and Reform Commission (referred to as: Development and Reform Commission) Price Supervision, Inspection and Anti-monopoly Bureau Director Xu Kunlin said at a news conference on Thursday that foreign companies accounted for about 10% of China's anti-monopoly cases.
Prior to the release of the relevant warnings, the international business lobbying group had filed a complaint against a series of antitrust and pricing investigations. These groups believe that the investigations are unfairly targeted at foreign companies. These groups say Chinese officials are putting pressure on corporate executives to ask them not to argue about the allegations. The groups also said that the investigation was unfair and aimed at protecting local Chinese companies rather than building a free market economy.
The factors affecting Sino-US relations are increasing, and Washington’s concerns about antitrust investigations add new content to this list. Right now, the United States and China, the world's first and second largest economies, have been arguing over a range of issues, from territorial disputes in eastern Arizona to cyber intrusion into Sino-Russian relations.
At the same time, both China and the United States are seeking to allow US President Barack Obama and Chinese President Xi Jinping to meet in November, when both will participate in the Asia-Pacific Economic Cooperation (APEC) in Beijing. , referred to as APEC) forum.
The US Treasury said in July this year that Chinese officials at the Strategic and Economic Dialogue meeting acknowledged that the goal of competitive policy is to improve consumer welfare and economic efficiency, rather than to benefit individual companies or Industry; the implementation of competitive laws should be fair, objective, transparent and non-discriminatory.
In recent months, China has accelerated the implementation of the anti-monopoly law that has been in place for six years. Both Microsoft Corp. and Qualcomm Inc. are under investigation for possible monopolistic behavior. Earlier this month, regulators asked Microsoft to submit a statement within 20 days explaining the so-called software "compatibility" and bundling issues. Both Microsoft and Qualcomm said the company is cooperating with the investigations of relevant departments.
Last Thursday, the Shanghai Municipal Price Bureau imposed a fine of RMB 31.7 million (US$5.2 million) on the Chrysler Shanghai subsidiary of Fiat SpA for auto pricing. The company claims to respect and accept the punishment of the authorities.
The US Chamber of Commerce said in a report last week that China’s discriminatory use of the anti-monopoly law that has been in operation for six years “can be said to be contrary to China’s commitment to join the World Trade Organization (WTO). In August this year, China The European Chamber of Commerce said that some European companies were told about the “worrying” situation, that is, the Chinese government authorities used intimidation and blocked the company from hiring outside lawyers.
Xu Kunlin said last week that some of the details published by foreign organizations are not true. Enterprises can bring their own lawyers to attend the meeting. He said he welcomes companies to hire the world's most famous lawyers.
According to a report released by the Chamber of Commerce of the American Chamber of Commerce in Shanghai, Wang Yang said in a foreign company in Xiamen last week that he did not unfairly target foreign companies. The report also quoted Wang Yang as saying that the fines for foreign companies were lower than for domestic companies in China, and the investigation of domestic companies was more stringent.
The report also said that Wang Yang encouraged foreign companies to take the differential treatment to court and said that China will work to resolve all existing transparency issues.

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