Mercedes said it would cut parts prices by 15% on average.China’s richest man going globalThe investigation is being carried out under China’s anti monopoly law, a statute that was enacted in 2008.The law covers all companies operating in China, including powerful state owned enterprises. It has already been used against foreign pharmaceutical companies and milk powder suppliers.Related: Top 10 luxury cars in ChinaAutomakers are not the only foreign companies under investigation. The government said the company had not fully disclosed information related to its Windows and Office systems.Qualcomm (QCOM) has also been targeted in a similar probe.
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