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China: Authorities target auto price-fixing

By  |  February 19, 2014

China’s National Development and Reform Commission announced Wednesday that it is investigating the auto parts industry for evidence of price-filing and other anticompetitive behavior, reports say.

In a press conference in Beijing the NDRC confirmed it would look into allegations that car markers from around the globe colluded to hike car parts prices for auto repairs in China; the accusations emerged on state television last December.

While details are scarce, the regulator confirmed it is currently conducting informal investigations and gathering documents regarding the case.

Full Content: Reuters

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