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8/19/14

China: EU exporters' group hits out at China over raids on offices - by Donal O'Donovan

Investigators have launched high profile raids on the Chinese offices of companies including Daimler, the maker of Mercedes Benz cars, and Microsoft in recent weeks.
Yesterday, in a rare intervention, the European Chamber of Commerce in China lashed out at what it called "administrative intimidation" of some companies.
The chamber represents 1,800 European companies that do business in the world's second largest economy.
The European Commission and the Chinese authorities recognise it as the official voice of European business in China.
The group said it is concerned about competition probes into overseas companies operating in China, saying authorities are using strong-arm tactics and appeared to be unfairly targeting foreign firms.
In some cases, domestic Chinese companies were not probed when the sector they operate in was reviewed, and the Chinese side of joint ventures was left out of investigations that only focused on foreign partners, the Chamber claimed.
It called on China to follow the European Commission's model for investigating potential competition concerns.
- See more at: http://www.independent.ie/business/world/eu-exporters-group-hits-out-at-china-over-raids-on-offices-30509867.html#sthash.3UfZOdNY.dpuf
Investigators have launched high profile raids on the Chinese offices of companies including Daimler, the maker of Mercedes Benz cars, and Microsoft in recent weeks.

Yesterday, in a rare intervention, the European Chamber of Commerce in China lashed out at what it called "administrative intimidation" of some companies.

The chamber represents 1,800 European companies that do business in the world's second largest economy.

The European Commission and the Chinese authorities recognise it as the official voice of European business in China.

The group said it is concerned about competition probes into overseas companies operating in China, saying authorities are using strong-arm tactics and appeared to be unfairly targeting foreign firms.

In some cases, domestic Chinese companies were not probed when the sector they operate in was reviewed, and the Chinese side of joint ventures was left out of investigations that only focused on foreign partners, the Chamber claimed.

It called on China to follow the European Commission's model for investigating potential competition concerns.

Read more: EU exporters' group hits out at China over raids on offices - Independent.ie

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