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Chinese Cartel Busters Impose Record Fines on Foreign LCD Makers

07 January 2013

Antitrust, Competition and Economic Regulation Alert

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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Jun Wei

Jun Wei

Office Managing Partner

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