Chrysler, Audi fac­ing mo­nop­oly penal­ties

China Daily (Canada) - - NEWSCAPSULE -

Anti-trust probes into Chrysler and Audi have found that they have pur­sued mo­nop­o­lis­tic prac­tices and will be pun­ished, an of­fi­cial with China’s top eco­nomic plan­ning agency said.

Li Pu­min, spokesman of the Na­tional Devel­op­ment and Re­form Com­mis­sion (NDRC), told re­porters that the two in­ves­ti­ga­tions are draw­ing to an end, with­out spec­i­fy­ing de­tails of the pun­ish­ment.

Ac­cord­ing to Li, the NDRC has re­cently fin­ished in­ves­ti­ga­tions into 12 Ja­panese com­pa­nies and found mo­nop­o­lis­tic be­hav­iors in auto parts and bear­ing prices. Li said the com­mis­sion will pun­ish them in ac­cor­dance with the law.

China has an anti-mo­nop­oly le­gal sys­tem con­tain­ing Reg­u­la­tions on Anti-Price Mo­nop­oly and Pro­ce­dural Reg­u­la­tions on Ad­min­is­tra­tive En­force­ment of Anti-Price Mo­nop­oly.

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