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MOFCOM: China applying antitrust law fairly

08-13-2010 08:56 BJT

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The Ministry of Commerce says China isn't using its antitrust law to discriminate against foreign firms. The Ministry is responding to foreign critics, who say China is using the 2008 anti-monopoly law to block the expansion of multinational firms in the country.

The suspicions were raised by the ministry's rejection of a bid launched by Coca-Cola to buy Chinese fruit juice maker Huiyuan. A senior ministry official says the decision was made with regard to the company's extremely high market share, and impact on market competition.

The official also says the ministry is working to improve the anti-monopoly law by drawing up supplementary regulations.

Editor:Xiong Qu |Source: CNTV.CN

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