Subscribe free to our newsletters via your
. Earth Science News .




TRADE WARS
Siemens, Philips, GE units in China bribery probe: report
by Staff Writers
Shanghai (AFP) May 4, 2015


Chinese regulators are investigating units of foreign medical device companies including Germany's Siemens, Dutch firm Philips and General Electric of the US for bribery, Bloomberg News reported on Monday.

The State Administration for Industry and Commerce (SAIC) and other regulators last year opened initial investigations into the companies' Chinese health-care units on suspicion of bribing hospitals in exchange for sales, according to the report.

None of the three companies immediately responded to requests by AFP for comment on Monday.

It is the latest reported example of overseas firms being targeted by Chinese authorities, who have launched wide-ranging probes in sectors ranging from autos to baby milk.

In 2014 a Chinese court found British drugmaker GSK had used bribery to boost sales and took kickbacks from travel agencies to organise conferences that never took place, according to previous reports by state media.

GSK was fined 3.0 billion yuan ($480 million) last September after a nearly year-long bribery probe.

China's healthcare sector is widely considered to be riddled with graft, partly the result of an opaque tendering system for drugs. Doctors' low salaries are also a factor.

It was not clear whether full formal investigations would follow the medical device inquiries, Bloomberg News cited sources familiar with the matter as saying, nor did the probes necessarily imply wrongdoing.

Chinese President Xi Jinping has touted a crackdown on corruption since assuming the Communist Party's top post in 2012, targeting both high-level "tigers" and low-level "flies".


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TRADE WARS
Taiwan ruling party 'optimistic' over joining AIIB
Shanghai (AFP) May 3, 2015
The head of Taiwan's ruling Kuomintang party said Sunday he was "optimistic" about the island joining a Beijing-led regional development bank, despite China having last month rejected Taiwan's bid to join. Eric Chu, who arrived in Shanghai on Saturday in the first visit to the mainland by a KMT chief since 2008, made the comments ahead of an expected meeting with Chinese leader Xi Jinping in ... read more


TRADE WARS
Saudi considering bombing pauses for Yemen aid delivery

Nepal quake leaves children traumatised

Lockheed Martin aids in post-cyclone damage assessment

Italy again calls for EU help after more migrant deaths

TRADE WARS
Northwestern scientists develop first liquid nanolaser

Synthesis of silicon oxides opens 'new world in a grain of sand'

MIPT researchers grow cardiac tissue on 'spider silk' substrate

Seeing Stars Through The Cloud

TRADE WARS
'Dead zones' found in Atlantic open waters

Quenching the thirst for clean, safe water

Lack of oxygen in the groundwater

NOAA scientists breed Arctic cod in the lab

TRADE WARS
NASA contributes to first global review of Arctic marine mammals

UT research uncovers lakes, signs of life under Antarctica's dry valleys

Scientists discover salty aquifer and microbial habitat under Antarctica

Dutch polar explorers likely drowned: Canada police

TRADE WARS
Norway plans to slash subsidies to fur farms

Pesticides alter bees' brains

Organic farming techniques can make agriculture a carbon sink

Silicon: An important element in rice production

TRADE WARS
'Boulders size of vans' hit Nepal trekking village after quake

Volcanic warning at Japanese hot springs resort

Strong quake in New Zealand, no damage reported

Nepal's rich cultural heritage devastated by quake

TRADE WARS
Troops kill 28 suspected militants in central Nigeria: military

DR Congo grants amnesty to hundreds of M23 rebels

Niger says 46 soldiers, 28 civilians killed in weekend Boko Haram attack

Niger says 2.5 million suffering food insecurity

TRADE WARS
Can skull shape determine what food was on prehistoric plates

Study finds ancient clam beaches not so natural

Human weapons may not have caused the demise of the Neanderthals

Insight into how brain makes memories




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.