NDRC cracks down on anti-competitive behaviour
The landmark fine imposed on international LCD manufacturers shows China's changing attitude to anti-competitive behaviour
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On January 4 2013, the National Development and Reform Commission (NDRC) fined Samsung, LG and four Taiwanese companies Rmb353 million ($57 million) for engaging in price fixing practices between 2001 and 2006.
The NDRC is an administrative agency that oversees and enforces illegal pricing related activities that go against the PRC Anti-monopoly Law (中华人民共和国反垄断法) (AML) and the PRC Pricing Law (中华人民共和国价格法). The fine imposed on the multinationals has attracted much media attention.