CHINA TARGETTING FOREIGN FOOD FIRMS IN LOCAL CRACKDOWN

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July 3, 2013

BEIJING – The UK drug-maker GlaxoSmithKline Plc. (GSK) is being probed for alleged bribery, although with a series of investigations into foreign companies operating in China, such as Danone, which is being invested for allegedly breaking anti-monopoly laws. Large foreign companies in food, beverage or medical services (which require safety checks) are expected to continue to come under fire in the short run as the Government attempts to appear firm on improving safety standards. Apple Inc. and Yum! Brands Inc. are among foreign companies that have had to apologize this year to consumers after accusations by the Government over their operations.