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Vietnam to punish firms for trade fraud in China-product probe

Bloomberg Vietnam will punish four companies for fraudulent labels on products from China that the firms claim were made locally, as authorities expand their crackdown into Chinese manufacturers trying to bypass US tariffs. The unidentified companies, which assemble bicycles, electric bikes and wooden shelves, admitted to the violations, according to a government statement. Vietnam’s customs department is also investigating possible ...

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S’pore goes on offensive to defend ‘fake news’ law

Bloomberg Singaporean diplomats are taking the lead in defending a two-month-old fake news law, challenging international media outlets it says are publishing misleading claims on the contentious legislation. Since the law was enacted in October, authorities in the Southeast Asian city-state have invoked it four times against critics and once against Facebook Inc, which was required to attach a government-issued ...

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China expands drug-buying programme to cut costs for patients

Bloomberg China is expanding its generic drug-procurement programme to include an additional 33 drugs, pitting domestic and international drugmakers in a price war that could see Chinese players dominate. Less than three months after China went nationwide with a pilot bulk-buying programme for 25 medicines, the government on Sunday announced a second batch of 33 drugs treating everything from diabetes ...

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