China regulator to probe auto chip distributors over price-gouging suspicions

China's regulatory agency is launching an investigation into chip distributors in the auto industry, citing suspicions of price gouging.

SHANGHAI: China's regulatory agency is launching an investigation into chip distributors in the auto industry, citing suspicions of price gouging, it said on Tuesday.

The action by the State Administration For Market Regulation (SAMR) is the latest in a regulatory crackdown following a range of companies and industries targeted over the past year as the Chinese government clamps down on industry.