China anti-trust probes not protectionist, regulator says

China's latest antitrust probes, which have hit firms such as Microsoft (MSFT.O) and Volkswagen AG (VOWG_p.DE), are not protectionist tools that favor domestic firms, an official of the country's price regulator told the official China Daily. In an interview, Xu Kunlin, director general of price supervision and the anti-monopoly bureau at the National Development Reform Commission, reiterated that the agency was giving equal treatment to local and foreign companies. The probes, which have scrutinized at least 30 foreign firms so far as China seeks to enforce a 2008 anti-monopoly law, have worried U.S. "Such accusations are groundless and baseless," the China Daily quoted Xu as saying.

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