China

China To Launch Investigation Into Bribery in Pharmaceutical and Medical Sectors

Says state media

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(Reuters) – China is intensifying its investigation into rampant bribery in the pharmaceutical and medical services sector with a fresh three-month probe slated to begin on Thursday, the official Xinhua news agency reported.

The probe by the State Administration for Industry and Commerce (SAIC), a regulator in charge of market supervision, is aimed at stamping out bribery, fraud and other anti-competitive business practices in various sectors, Xinhua said.

It comes as other Chinese regulators such as the National Development and Reform Commission (NDRC) and the police conduct multiple investigations into how foreign and local companies do business in the world's second-biggest economy.