China pricing probes could extend to oil, telecoms

A Chinese regulator’s anti-trust probes could be extended to the oil, telecommunications, auto and banking industries, Reuters reported, citing state media. Companies in these sectors are on the National Development and Reform Commission’s (NDRC) radar, Xu Kunlin, head of the body’s anti-monopoly bureau, was cited as saying by China Central Television. The scope of the regulator’s investigations have gathered pace in recent months and coincide with criticism in official media about the price of goods such as milk powder, medicine, luxury cars and jewelry.