China Breaking News: China Starts Investigation Into Tetra Pak 'dominance': State Media

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China Breaking News: China Starts Investigation Into Tetra Pak 'dominance': State Media

by Wochit 0:57 mins

China Breaking News: China Starts Investigation Into Tetra Pak 'dominance': State Media

by Wochit 0:57 mins

China is investigating Swedish packaging giant Tetra Pak over the possible "misuse of its market dominance", state media reported. Authorities have ramped up scrutiny of foreign firms in the world's Number 2 economy. Chinese social media buzz is heating up. Online streaming services launch new offers as "Sherlock," "Downton Abbey" and other British series attracting a growing white-collar audience in the country. British dramas now account for 9 percent of all mentions of foreign television programming, whereas just a few years ago such shows were essentially unknown in the country. Investors who wrongly called time on U.S. economic supremacy during the financial crisis are set to pay a hefty price for betting too much on the developing world. The U.S. investment bank helped inspire a twenty-fold surge in financial investment in China, India, Russia and Brazil over the past decade, its chief economist popularizing the term BRICs in a 2001 research paper.

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