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China Probes British Drugmaker Gsk - Report

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China's top economic planning agency has opened an investigation into pharmaceutical giant GlaxoSmithKline Plc's (GSK.L) operations in China, an official newspaper reported on Thursday, as foreign firms come under pressure from Beijing for possible price-fixing.

The National Development and Reform Commission (NDRC) has begun a survey on production costs at 60 firms, including Britain's GlaxoSmithKline and 10 China-listed firms, the official Securities Daily said.

The investigation could focus on the difference in prices of imported products sold by foreign firms, such as GlaxoSmithKline, in China compared with those in other markets, the paper said citing unidentified sources.

So a central planning price fixer investigates someone else for price fixing.

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  • 243 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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