Two of China's premium liquor producers, Kweichow and Wuliangye, have been hit with fines of Rmb449 million ($72 million) by China's top regulator, the National Development and Reform Commission (NDRC) for engaging in monopolistic pricing, according to reports from the Global Times this week.
NDRC imposes a second record anti-monopoly fine
China's National Development and Reform Commission has levied a second record fine this year for price fixing, which highlights its increasingly aggressive stance
By
clpstaff
& clp articles