China Unveils New Price-Fixing, Antitrust Rules

Law360, New York (January 4, 2011, 6:21 PM EST) -- China’s competition regulators on Tuesday published new regulations — including a ban on price-fixing — aimed at cracking down on anti-competitive practices.

The rules, which also include restrictions on companies with dominant market positions, were announced by China’s National Development and Reform Commission and will take effect Feb. 1, according to China’s Xinhua news agency.

In a statement, the NDRC said it has seen an increase in some regions and industries in conduct that infringe on competition law, Xinhua reported.

The NDRC is China’s top economic...
To view the full article, register now.