High-pass mega-ticket makes economic rule of law more power

Opinion

Since 2013, China's anti-monopoly investigation and punishment has been expanding, antitrust into the new normal, regardless of the industry, the nature of enterprises, whether Chinese enterprises or foreign companies. This also warns companies to comply with business ethics and law, Fair Trading, China's economic rule of law has been away from the era of lax and weak.

More than a year ago, Qualcomm's suspected phone chip monopoly case finally came to the bottom. Qualcomm will be fined 975 million dollars (about 6.088 billion yuan) for violating China's anti-monopoly laws, Qualcomm said. Qualcomm will also make a number of changes to China's smartphone patent licensing. According to statistics, the fine to refresh China's antitrust record.

As we all know, many foreign enterprises in China have been subjected to antitrust investigation in recent years, August 7, 2013, the Development and Reform Commission on the United States and the U.S., more AIDS, United Sheng Yuan, Abbott, Fu LAN and Fonterra, such as 6 of milk powder enterprises punished 669 million yuan, August 20, 2014, the Development and Reform Commission on Sumitomo, Vector-QI, Seiko, electrical installation, NTN and Jtekt 12 Japanese auto parts and bearing enterprises punished 1.235 billion yuan and so on.

Market economy should be the rule of law economy. Practice has repeatedly proved that only strict enforcement of market rule of law, can ensure the benign development of market order, in order to achieve mutual benefit of all market parties. To ensure the smooth operation of the rule of law economy, it is necessary for the strong supervision institutions to faithfully perform the role of "referee" in order to produce effective binding force and deterrent effect on the illegal behavior of the main market operators.

Qualcomm's monopolistic behavior actually reflects the current two kinds of mentality in foreign companies: one is daring, and bully mentality of ignoring the law. Qualcomm had been fined 236 million of millions of dollars a few years ago by South Korea, but still did not allow its behaviour to converge. The second is to play a crisis-solving mentality. Qualcomm company suspected monopolistic behavior in China early reaction, but not only did not "pull the corner", but to the State Council antitrust experts to carry on the surface benefits, for it issued the so-called "no monopoly" economic evidence.

The Qualcomm was fined a large amount of money, the foreign companies operating in China is not only a warning, but also a spur. On the one hand, only by complying with Chinese market regulations can the operation be stable for a long time. Qualcomm said to accept the Commission's punishment, the immediate abolition of monopolistic operations and discriminatory sales means, not only to their own problems, but also conducive to the protection of their own operating interests, dispel domestic concerns and reshape confidence in business operations. Tencent technology through the U.S. stock market system to see in Monday after the trading session, Qualcomm shares surged 2.98%, the share price showed 69.11 U.S. dollars. The Qualcomm closing price of 67.11 U.S. dollars, a small increase of 1.15%. In this sense, compliance with market regulations is a winning strategy.

On the other hand, only efficient and clean antitrust institutions, the Sword of Anti-Monopoly Law, China's market economy order can embark on a healthy development track. The development and Reform Commission in strict accordance with the "anti-monopoly law" for Qualcomm to carry out forensic investigation, the final determination of the company suspected of monopoly and the imposition of large fines, this is not only the development and Reform Commission to regulate the success of the law, but also shows that China's legal economic means of continuous progress and strong At the same time, also shows that in the increasingly perfect China's market regulatory mechanism, enterprises should not have any false luck mentality, adhere to the principle of honest and trustworthy market, in order to stand in the market, Lixin in the consumer, in order to grow and develop in the market.

And it is particularly necessary to point out that since 2013, China's anti-monopoly investigation and punishment has been expanding, antitrust into the new normal, regardless of the industry, the nature of enterprises, whether Chinese enterprises or foreign companies, as long as the existence of monopolistic behavior and facts, violates the fair competition, will be investigated and the corresponding punishment. This also warns companies to comply with business ethics and law, Fair Trading, China's economic rule of law has been away from the era of lax and weak.