Top 9 antitrust cases in China

0 Comment(s)Print E-mail China.org.cn, August 12, 2014

 

Kweichow Moutai liquor at an auction. [File photo]


No 7 Baijiu liquor price fixing

In Feburary 2013, Kweichow Moutai Co Ltd and Wuliangye Yibin Co Ltd were fined a total of 449 million yuan by the NDRC for setting up a price monopoly. The fine accounted for one percent of the two companies' total revenues in 2012.

The NDRC fined Moutai for 247 million yuan and Wuliangye for 202 million yuan.

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