In the news: Mercedes-Benz gets fined US$56 million and the NPC issues revised Advertising Law and Food Safety Law

April 28, 2015 | BY

clpstaff &clp articles

This week the NDRC fined Daimler Rmb350 million for price fixing and the NPC passed amendments to the PRC Advertising Law and the PRC Food Safety Law

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Mercedes-Benz fined US$56 million for price-fixing

The National Development and Reform Commission has fined Daimler's Mercedes-Benz Rmb350 million (US$56 million) in Jiangsu Province for “excluding and limiting market competition and hurting consumer interests.” Regulators said they