China fines Japanese automotive suppliers for antitrust law violations
Punished suppliers include Denso, JTEKT, NSK, NTN, Sumitomo Electric
China’s antitrust regulator, the National Development and Reform Commission (NDRC), has found more than 12 Japanese automotive component suppliers guilty of price fixing and imposed antitrust fines totalling CNY1.24 billion (USD201.6 million, 20 August 2014), reports Bloomberg.
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