In the News
China fines shipping firms for price fixing
28th December 2015
The 2008 Chinese competition act is being used with increasing frequency to target price-fixing agreements in a number of industries including telecoms, dairy and shipping. The main aim seems to be keeping prices lower for the emerging middle class in China. This is a good example of a price fixing arrangement targeted by the authorities and also the immunity to a fine for the business that cooperated most with the Chinese competition authorities - game theory in action!
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