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Anti-monopoly of NDRC: Giving 2.7 Billion Yuan Fines Since Last Year

2014/08/29

On August 20th, National Development and Reform Commission (NDRC) imposed a penalty of 1.2345 billion yuan on the monopoly behavior of twelve famous Japanese automobile enterprises including the Sumimoto Company. According to part of the statistics, the total amount of fine from the anti-monopoly investigation since 2013 had been up to 2.7 billion yuan, covering LCD panel, communication, auto, milk powder, gold, white wine and many other industries within dozens of Chinese and foreign enterprises. To be more concrete, the fine of 150.56 million yuan was for DENSO CORPORATION, 241.08 million yuan for Yazaki, 34.56 million yuan for Furukawa Electric, 290.4 million yuan for Sumimoto Company, 29.76 million yuan for Aisan, 44.88 million yuan for Mitsubishi Electric Corporation, 40.72 million yuan for MITSUBA SANKOWA, 174.92 million yuan for NSK, and 119.16 million yuan for NTN.


(Source: China IP Magazine)



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