The Chinese NDRC imposes fines on two luxury liquor producers (Kweichow Moutai / Yibin Wuliangye)

Rumors Come True:NDRC Imposes Record High Penalties on Luxury Chinese Liquors* Background Just one and half months following the breakthrough LCD cartel case, the Chinese price-monopoly watchdog, two provincial branches of National Development and Reform Commission of the People’s Republic of China (“NDRC”), rendered another harsh punishment against two luxury Chinese Liquor producers. On 22 February 2013, the NDRC’s provincial branches (i.e. Guizhou Provincial Price Bureau and Sichuan Development and Reform Commission) officially announced that two most famous Chinese liquor producers were respectively fined RMB 247 million and RMB 202 million for their monopoly behaviors. The total penalties combined amount to RMB 449 million, overtaking the total penalty of RMB 353 million imposed

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Auteur

  • AnJie Law (Beijing)

Citation

Michael Gu, The Chinese NDRC imposes fines on two luxury liquor producers (Kweichow Moutai / Yibin Wuliangye), 22 février 2013, e-Competitions February 2013, Art. N° 55038

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