The Chinese NDRC imposes fines for price fixing and for the first time, publishes its decisions (Zhejiang Car Insurance Cartel)

Better Late Than Never: NDRC Publishes Full Decisions on Zhejiang Car Insurance Cartel Case - Analysis of NDRC's Antitrust Law Enforcement Approach* Introduction Less than 2 weeks after the record fine (USD 200 million) in the Japanese Auto Parts and Bearing Manufacturers case that shocked the auto parts industry [1], on 2 September 2014, the Chinese price monopoly regulator, NDRC released its decisions [2] to impose combined fines of RMB 110 million (USD 17.89 million) on 23 property insurance companies and a local trade association in Zhejiang province for their price fixing in relation to car insurance. Among the companies involved in the case, one company is fully exempted and two other are granted significant reduction of the fines. Investigations into the Zhejiang branches of

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  • AnJie Law (Beijing)

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Michael Gu, The Chinese NDRC imposes fines for price fixing and for the first time, publishes its decisions (Zhejiang Car Insurance Cartel), 2 September 2014, e-Competitions September 2014, Art. N° 68897

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