China has “substantial evidence” on Qualcomm in an antitrust probe, according to a report in the state-run China Daily that quotes Xu Kunlin, the head of the National Development and Reform Commission’s anti-price-fixing bureau. The Daily didn’t divulge any specific details — just Xu’s confident assertion that Qualcomm is squarely in the crosshairs.
Qualcomm released a statement saying it believes its business practices are lawful.
China launched an antitrust probe into Qualcomm, the world’s top maker of cellphone chips, in late November.
Though it could merely be a coincidence, the announcement of the investigation came just days after Qualcomm ‘s CEO waxed poetic about business in China in a Wall Street Journal interview.
The NDRC has been busy of late. In August, it levied record fines against a half-dozen milk powder companies. Xu said that the agency planned to add more than 150 people to its price-fixing units.
China to Require Smog-Certified Pilots
China will require crews piloting planes into Beijing to be certified to land their crafts even in the smoggiest conditions.
The new regulation, which goes into effect Jan. 1, applies to flights originating in China’s 10 busiest airports. Specifically, it calls for crews to be certified to execute instrument-only landings when visibility is at roughly 450 yards or less.
Beijing’s Capital International Airport has a paltry 18 percent on-time rate, a number presumably depressed by the visibility-eroding smog that has taken up residence over the city.