Violations and penalties
China Daily | Updated: 2013-08-27 06:50
March 14
China's two biggest liquor makers, Kweichow Moutai Co Ltd and Wuliangye Yibin Co Ltd, paid a record combined fine of 449 million yuan ($73.37 million) for price fixing. The fines were equivalent to 1 percent of their total sales last year. Local media reported that the companies violated antitrust laws by imposing financial penalties on distributors who sold their products at prices lower that those they had set.
Aug 12
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