CHINA TOPIX

11/22/2024 03:56:19 am

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monopoly

Allopurinol

Pharmaceutical Companies Fined for Monopolizing Allopurinol

The National Development and Reform Commission (NDRC) learned that five Chinese pharmaceutical companies have been conspiring to fix the price of allopurinol.

Pudong

China Fines Japan's NSK

Japan's star auto parts supplier NSK got slapped with a $28.2 million (USD) fine by Chinese anti-monopoly regulators. The hefty sum comes as part of an ongoing anti-monopoly investigation.

Officials May Soon Impose Fines on Automakers for Alleged Monopoly Practices

Chrysler, Audi to Be Punished By Chinese Government for Alleged Monopoly Activities

Automakers in China may soon face 10 percent revenue penalties by the Chinese government, in an effort to reduce and eliminate anti-monopoly activities. A spokesman for the National Development and Reform Commission (NDRC) insisted on Wednesday that an ongoing investigation into Fiat and Volkswagen, which own Crysler and Volkswagen respectively.

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