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China: Authorities denounce price-fixing – again

 |  December 16, 2013

Just days after China’s National Development and Reform Commission announced it was planning to beef-up its staff to combat price-fixing, reports say the competition regulator released a statement online last weekend reiterating plans to strengthen its anti-price-fixing regime.

US’s Qualcomm is the latest target of competition regulators in China as the nation earns a growing reputation for harsh competition scrutiny on foreign companies. Earlier this year the nation cracked down on infant formula price-fixing, targeting foreign firms in a probe that lead to a record $109 million in fines.

In the NDRC’s latest statement, no specific industries or companies were named.

Full Content: Bloomberg

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