MOFCOM official says China pricing probes are fair

A Chinese official has said that foreign enterprises in China are not being singled out for anti-monopoly probes, Agence France-Presse reported, citing state media. “Looking back at the past six years after the anti-monopoly law took effect, both domestic and foreign firms have been probed according to the law,” Xinhua quoted Ministry of Commerce spokesman Shen Danyang as saying. Shen also said anti-monopoly probes were meant to promote fair competition and protect consumer rights, adding such investigations were also common practice internationally. In the past month firms including automaker Audi (NSU.ETR) and Microsoft (MSFT.NASDAQ) have been investigated over pricing.