The Chinese Price Regulator imposes higher fines against pricing and other competition law violations as new rules proposed

Recent actions by the Chinese price regulator, the National Development and Reform Commission (« NDRC »), indicate an increasing emphasis on enforcement against pricing and other competition law violations. Companies in agriculture industries and other business sectors that could implicate national or industrial policy concerns are especially likely to face review during periods of high or anomalous pricing. This month NDRC has announced a series of enforcement actions against several agricultural product companies for seeking to increase prices through collusion, false rumors of price hikes, and forestalled production. This follows cartel enforcement actions against domestic rice noodle suppliers announced a few months ago (as described in our prior alert. Then, on July 13, NDRC

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

  • Jones Day (Beijing)
  • Gibson Dunn (Hong Kong)
  • Jones Day (Beijing)
  • Winston & Strawn (Washington)

Quotation

Peter J. Wang, Sébastien Evrard, Yizhe Zhang, Stephen Harris, The Chinese Price Regulator imposes higher fines against pricing and other competition law violations as new rules proposed, 13 July 2010, e-Competitions July 2010, Art. N° 33665

Visites 632

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues