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China: Recent crackdowns mean new reality for price-fixing cartels

 |  November 1, 2012

Experts say that the recent crackdowns on China’s price-fixing cartels throughout the last year present a “new reality” for the nation. The most recent heavy-handed action by the National Development and Reform Commission was a fine of more than $120 thousand to members of a cartel based in Guangdong for fixing the price of sand, an unfair ploy against construction companies. Experts say the crackdown is due to a recent increase in awareness of the nation’s Anti-Monopoly Law, thus leading to companies deliberately conspiring to fix-prices without the excuse that they were unaware of the laws in place.

Full Content: National Law Review

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