The Chinese NDRC sanctions paper manufacturer association for price-fixing and output restriction cartel (Fuyang Paper Manufacture Industry Association)

In a statement on 4 January 2011, the PRC National Development and Reform Commission (the ”NDRC”), the department in charge of price administration, announced that it has fined the Paper Manufacture Industry Association in Fuyang City, Zhejiang Province RMB 500,000 for organising a cartel. The association had held five meetings in 2010 where more than 20 member companies attended and