Questions Raised By China’s International Cartel Action

Law360, New York (January 9, 2013, 12:13 PM EST) -- On Jan. 4, 2013, China’s National Development and Reform Commission (NDRC) imposed fines of RMB 353 million (approximately $56 million) on six international manufacturers of liquid crystal display (LCD) panels for price-fixing in connection with the so-called LCD cartel. The NDRC is the agency in charge of price-related nonmerger antimonopoly enforcement in China. This is the first time that Chinese antitrust regulators have imposed a fine on participants in an international price-fixing cartel. It may signal the start of more vigorous enforcement in China against price-fixing,...
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