US regulators and businesses have spoken out against an antitrust enforcement pushed by Chinese authorities as the issue emerges as a potential new friction point in relations between the world’s two largest economies.
Foreign investors in China are increasingly concerned that they are being targeted in official investigations of pricing practices, such as one aimed at baby formula manufacturers earlier this year.
“China is wielding its antitrust law in a discriminatory manner targeting foreign companies,” said Jeremie Waterman, executive director for China policy at the US Chamber of Commerce, the largest US business lobby group.
In an unusually direct speech in Beijing last month, which raised hopes that US policy makers were giving the issue greater attention, Maureen Ohlhausen, a Republican commissioner at the Federal Trade Commission, said that “political decisions” should have no place in antitrust reviews. The FTC conducts antitrust reviews in the US alongside the justice department.
In an interview with the Financial Times, Ms Ohlhausen said there needed to be greater transparency over China’s decisions. “If the Chinese make a decision to impose a remedy or block a deal it can be hard for outsiders to know what was the main motivating factor in that,” she said.
Despite Ms Ohlhausen’s intervention last month, US officials have generally been reluctant to confront China over antitrust rules, despite being sympathetic to complaints that deals were being unfairly blocked or approved with tough conditions. The matter has not been raised in bilateral economic and trade talks between Beijing and Washington.
Chinese companies and officials have also questioned whether their investments in the US are welcome. US lawmakers used a congressional hearing to raise concerns about Shuanghui’s proposed $4.7bn purchase of Smithfield pork, the largest Chinese takeover of a US company, which is still in the balance.
1.Word of the day
antitrust: preventing companies or groups of companies from controlling prices unfairly 反托拉斯的;反垄断的
2.Phrase of the day
motivating factor ： 激发因素
e.g:The UN's troubled Kyoto treaty on climate change may also be a motivating factor.
3.Sentence of the day
US officials have generally been reluctant to confront China over antitrust rules, despite being sympathetic to complaints that deals were being unfairly blocked or approved with tough conditions.
4.Cultural point of the day
为什么婴儿奶粉叫baby formula：本文第一段中出现了baby formula这个词，不常看英语新闻的读者可能会误解，formula这个单词我们都很熟悉，解释为“方程、公式”，但很多人都不知道它还有一种含义，就是特指a special nutritive mixture, esp. of milk, sugar, and water, in prescribed proportions for feeding a baby(为婴幼儿配制的特殊营养物质)。
5.Translation of the day
Foreign investors in China are increasingly concerned that they are being targeted in official investigations of pricing practices.
小编注：或许是因为和中文的结构相似，很多人写作的时候喜欢用“more and more……”这个词来表示“越来越……”的意思，但如果你能用“increasingly”来代替这个看起来相当口语化的词，相信你的文章会显得更专业。