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  • September 3, 2014
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  1. Comment - Insight & Opinion

    Chinese antitrust regulators must address charges of anti-foreigner bias

    Posted Aug 27th 2014, 12:02pm by Hu Shuli

    ... and Chrysler, among many others. Just a week ago, the NDRC slapped a record fine of 1.24 billion yuan (HK$1.6 billion) on 12 Japanese auto parts suppliers. The heavy penalty ignited fresh speculation ... Petroleum Corporation and Sinopec. In 2011, the NDRC even abruptly suspended its probe into China Telecom and China Unicom at the request of the companies; this is unacceptable. Antitrust laws ...

    http://www.scmp.com/comment/article/1581092/chinese-antitrust-regulators-must-address-charges-anti-foreigner-bias
  2. Business - China Business - EARNINGS

    Sinopharm sees first-half profit jump 27pc on government incentives

    Posted Aug 25th 2014, 10:58am by Jeanny Yu

    ... distribution industry sustained a steady, although slower growth pace Sinopharm The NDRC approved an increase in the retail price ceiling for 530 types of drugs in May. In addition, the State Council ...

    http://www.scmp.com/business/china-business/article/1580515/sinopharm-sees-first-half-profit-jump-27pc-government
  3. News - China - CHINA BRIEFING

    Level the field but keep FDI in play

    Posted Aug 25th 2014, 05:37am by Wang Xiangwei

    ... with the power to examine different aspects of anti-competitive behaviour. The Ministry of Commerce is responsible for mergers and acquisitions while the NDRC and the State Administration for Industry ...

    http://www.scmp.com/news/china/article/1580454/level-field-keep-fdi-play
  4. Business - China Business - BUSINESS

    China slaps record 1.24b yuan fine against Japanese car firms for price fixing

    Posted Aug 20th 2014, 02:35pm by Kwong Man-ki in Beijing

    ... Commission (NDRC), the top economic planning agency, said in a statement on its website yesterday. The heaviest fine handed down- 290 million yuan- was imposed on parts maker Sumitomo Electric. ... to regulators, the statement said. NDRC secretary general Li Pumin said: "No matter whether they are domestic or foreign companies, they will be investigated and face penalties if they violate ...

    http://www.scmp.com/business/china-business/article/1577673/ndrc-fines-10-japanese-firms-124b-yuan-price-fixing
  5. News - China - COMPETITION

    China finds Mercedes-Benz guilty of price manipulation

    Posted Aug 18th 2014, 11:18am by Kwong Man-ki

    ... of Jiangsu's antitrust unit under the National Development and Reform Commission (NDRC), told Xinhua. A spokesman for Daimler, which owns Mercedes, said the company was still assisting the authorities ... were being treated the same under the law. The Xinhua report did not mention the penalty Mercedes-Benz might face. The NDRC, China's top economic planner, said earlier this month ...

    http://www.scmp.com/article/1575943/china-finds-mercedes-benz-guilty-price-manipulation
  6. News - China - INVESTIGATION

    Professor blasted for 'secrecy' by helping US company under probe

    Posted Aug 14th 2014, 05:03pm by LAURA ZHOU

    ... services to Qualcomm, but denied accepting "a large sum" from the company, caixin.com reported. "When the National Development and Reform Commission [NDRC] launched its antitrust ...

    http://www.scmp.com/news/china/article/1573574/professor-blasted-secrecy-helping-us-company-under-probe
  7. News - China - CAR INDUSTRY

    China's monopoly fine against Audi in the millions, not billions: report

    Posted Aug 14th 2014, 11:14am by Reuters

    ... Commission (NDRC), China’s anti-trust regulator, can impose fines of between 1 and 10 per cent of a company’s revenues for the previous year. Audi could not immediately be reached for comment. Audi sold 488,488 cars on the mainland last year at an average price of about 400,000 yuan, generating some 195.4 billion yuan in revenue, according to previous reports. The NDRC has been ...

    http://www.scmp.com/news/china/article/1573390/chinas-monopoly-fine-against-audi-millions-not-billions-report
  8. Comment - Blogs

    GM falls into China's anti-trust web

    Posted Aug 14th 2014, 09:17am by Doug Young

    ... at the news that saw GM indirectly confirm it was contacted by the powerful National Development and Reform Commission (NDRC), one of two central government agencies that conducts anti-monopoly investigations. The source of the news seems to be a very roundabout statement from GM itself, in which it simply says that it has supplied data to the NDRC since 2012 about its pricing policies. ...

    http://www.scmp.com/comment/blogs/article/1573329/gm-falls-chinas-anti-trust-web
  9. News - China - CORRUPTION

    Zhang Dongsheng, former general director of NDRC finance department, in corporate bond sales probe

    Posted Aug 14th 2014, 03:04am by Reuters, Daniel Ren

    ... Reuters and Daniel Ren in Shanghai Zhang Dongsheng, former general director of planning agency's finance unit, investigated over corporate bond issues, magazine says Retired NDRC ... that Beijing will intensify its crackdown on illegal bond trading. Zhang Dongsheng, who was the general director of the National Development and Reform Commission's (NDRC) finance department, ...

    http://www.scmp.com/news/china/article/1573062/zhang-dongsheng-former-general-director-ndrc-finance-department-corporate
  10. Business - Companies - CARS

    Volvo cannot escape mainland carmaker probe, analysts say

    Posted Aug 14th 2014, 01:28am by Kwong Man-ki

    ... investigated by the National Development and Reform Commission (NDRC) and other government agencies. Citing an unnamed NDRC official, a China Daily report yesterday said anti-trust investigations had spread to more than 1,000 foreign and local car companies, including manufacturers, suppliers and dealers, as well as state and domestically owned firms. The NDRC last week said Germany's ...

    http://www.scmp.com/business/companies/article/1573081/mainland-carmaker-probe-likely-reach-volvo-say-analysts

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