Price-fixing cartels: China crackdown continues
Major new enforcement action in the People’s Republic of China shows both the continuing crackdown on price-fixing cartels and an increased level of awareness about the prohibitions. Members of a cartel based in Guangdong, a coastal province near Hong Kong and Macao, have been fined more than RMB750,000 (US$120,000) in the latest action by the National Development and Reform Commission.
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