Fine for Qualcomm fair for the market

Criticizing the 6.088-billion-yuan ($975 million) fine imposed on chipmaker Qualcomm for violating China's monopoly laws, some Western media outlets say it shows that foreign capital is less welcome in China today. This obviously is not the case.

The fine imposed on the US-based company by the National Development and Reform Commission may be huge, but the legal action was absolutely necessary to establish fair competition in the market.

Since Qualcomm has violated the Anti-Monopoly Law, the NDRC has also directed it to collect royalties on 65 percent of the selling price, instead of the full price, of mobile phones, and offer licenses for its 3G and 4G patents to Chinese mainland companies, separately from its other patents.