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In the News

China fines shipping firms for price fixing

Geoff Riley

28th December 2015

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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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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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