China Said to Probe Medical Device Firms on Bribe Suspicions
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China is probing foreign medical-equipment makers over suspicion that they may have paid bribes or used illegal strategies to achieve market dominance, according to people familiar with the matter.
Regulators including the State Administration for Industry and Commerce opened the preliminary investigations last year into the Chinese health-care units of General Electric Co., Royal Philips NV and Siemens AG, the people said. The probes don’t necessarily mean the companies have done anything wrong, said the people, who asked not to be identified because they weren’t authorized to speak publicly on the matter.