China says only "heavy punches" will dent rising monopoly behaviour
BEIJING (REUTERS) - A heavy-handed approach is needed to halt a rise in monopolistic behaviour by companies in China, a senior official said on Tuesday, in a sign that an antitrust campaign which has already ensnared top global firms could get tougher.
"Only heavy punches will work," Xu Kunlin, head of the anti-monopoly bureau at the National Development and Reform Commission (NDRC), said in a speech to a business forum in Beijing.
"It's easy to find evidence on many firms' monopolistic behaviour in China," Xu said.
"Some of it could be found on the Internet," he added, noting the ease of discovery was the reason why investigations had been so successful this year.