| SHANGHAI, Sept 4
SHANGHAI, Sept 4 A Chinese anti-monopoly team
visited medical devices and semi-conductor firms in Shanghai at
the start of September, the country's Ministry of Commerce said
in a statement on Thursday, without making clear the purpose of
"Through on-site visits to firms and by holding forums, we
deepened our understanding of the competitive environment in
industries such as semi-conductors and medical devices," the
ministry said in the statement published on its website.
China is looking to consolidate some key sectors from
healthcare to dairy to increase the ability of local firms to
compete against foreign rivals.
The three-day visit was led by the Zheng Wen, the deputy
head of the Ministry of Commerce's anti-monopoly unit. The
ministry focuses on the regulation of mergers and acquisitions
(M&A), rather than violations of China's anti-monopoly law.
Industry insiders expect a wave of M&A in the domestic
medical devices sector. Beijing is looking to promote local
players in the market which is says will reduce soaring
healthcare costs, a potential threat to the global firms who
currently dominate the sector.
China has also been looking to consolidate the
semi-conductor market in order to make the domestic industry
more competitive, analysts said.
Some foreign companies have become concerned they are being
targeted by Chinese regulators, a U.S. business lobby said this
week, as a Chinese antitrust agency defended probes into firms
such as U.S. chipmaker Qualcomm Inc.
(Additional reporting by Gerry Shih in BEIJING; Editing by