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Antitrust expert Zhang Xinzhu sacked after Qualcomm report published
In another sign of the zeal with which top Chinese government officials are taking their anti-monopoly campaign, well-respected antitrust expert Zhang Xinzhu was sacked from his position earlier this week. According to an official Chinese Xinhua News Agency report on Wednesday, Zhang was fired from the State Council’s expert commission on competition issues for accepting “huge rewards” from Qualcomm.
Details on Qualcomm economic analysis
The Qualcomm analysis submitted to Chinese regulators in May had three principal authors, including Zhang. The internationally-known 40-year-old academic has undertaken expert analyses for several domestic conglomerates including China Mobile Ltd. (ADR) (NYSE:CHL) (HKG:0941), China Telecom Corporation Limited (ADR) (NYSE:CHA) (HKG:0728) and China Unionpay, as well as foreign firms involved in antitrust investigations over the last few years.
“Hiring economists to provide such economic analysis to antitrust authorities is routine practice in government investigations in China and around the world,” Trimble pointed out.
Statement from Zhang
In a brief email response to questions from Reuters on Wednesday, Zhang wrote: “My individual strength is too insignificant, and the machine of state too powerful. There can only be silence.”
Source: Reuters