Chinese Cartel Busters Impose Record Fines on Foreign LCD Makers
07 January 2013
One of China's antitrust authorities – the National Development and Reform Commission (NDRC) – has started 2013 with a bang. On 4 January, it announced that it had imposed sanctions of close to USD 56 million on six LCD makers from Korea and Taiwan, accusing the companies of illegal price-fixing. These sanctions set an absolute record for antitrust offenses in China. In a way, the LCD decision may foretell more assertive anti-cartel enforcement in China in the future.
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