**Beijing**: The State Administration for Market Regulation has launched an investigation into DuPont China Group for alleged monopolistic practices. This action is part of China’s response to recent US tariffs, accompanied by new countermeasures including significant tariff hikes and export controls on rare earth elements.
The State Administration for Market Regulation, which serves as China’s primary market regulatory authority, announced on Friday evening that it has initiated an investigation into DuPont China Group. This subsidiary of the American corporation DuPont is under scrutiny for potential monopolistic practices that may contravene China’s Anti-Monopoly Law.
This investigation coincides with China’s broader strategic response to the recent imposition of tariffs by the Trump administration. In a parallel move on Friday, the Chinese government unveiled at least 11 strong countermeasures aimed at countering these tariffs. Among these measures is a significant 34 percent hike in tariffs, as well as stringent export controls concerning rare earth elements, which are vital for various high-tech industries.
DuPont is a prominent American science and technology company that has made significant contributions in the fields of chemicals, materials science, and biotechnology. The potential implications of this investigation are considerable, given DuPont’s extensive role within China’s industrial landscape.
Source: Noah Wire Services
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