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China joins international crackdown of price-fixing cartel for the first time

16 January 2013

China's National Development and Reform Commission (NDRC) announced, on 4 January 2013, that it had fined six international liquid crystal display (LCD) screen producers, Samsung, LG, AU Optronics, Chunghwa Picture Tubes, Chimei InnoLux, and HannStar Display, for price-fixing actions during 2001 and 2006. This is the NDRC's first crackdown against an international price-fixing cartel, and the largest fine ever imposed by the NDRC for unlawful pricing conduct.

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China joins international crackdown of price-fixing cartel for the first time

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