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China to penalise US automaker for monopolistic behaviour: China Daily

The penalty is part of a government crackdown on what it has called anti-trust behavior by foreign automakers and dealers.

By: Reuters | Shanghai |
December 14, 2016 7:58:44 am
Chinese cars wait for export at a port in Dalian, Liaoning province October 15, 2012.  REUTERS/China Daily/File Photo CHINA OUT. NO COMMERCIAL OR EDITORIAL SALES IN CHINA News of the penalty comes at a sensitive time for China-US relations (Reuters)

China will soon slap a penalty on an un-named US  automaker for monopolistic behaviour, the official China Daily newspaper reported on Wednesday, quoting a senior state planning official. Investigators found the U.S. company had instructed distributors to fix prices starting in 2014, Zhang Handong, director of the National Development and Reform Commission’s price supervision bureau, was quoted as saying.

News of the penalty comes at a sensitive time for China-US  relations after US president-elect Donald Trump called into question a long-standing US  policy of acknowledging that Taiwan is part of “one China”.

Beijing maintains that self-ruled Taiwan is a wayward province of China and has never renounced the use of force to take it back. Zhang was quoted in an exclusive interview with the newspaper as saying that no one should “read anything improper” into the timing or target of the penalty. The article did not give further details.

China, the world’s largest auto market, has become crucial to the strategies of car companies around the world, including major U.S. players General Motors Co and Ford Motor Co. Trump’s challenges to China on trade and Taiwan have rattled American companies who have long benefited from stable relations between the two countries but now fear retaliation by Beijing if Trump were to act.

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The penalty is part of a government crackdown on what it has called anti-trust behavior by foreign automakers and dealers. It would be the second penalty by the NDRC this month and the seventh fine issued to automakers since the commission began anti-monopoly investigations in 2011, the newspaper said.

Targeted firms have included Audi AG, Daimler AG’s Mercedes-Benz and Toyota Motor Corp, and one of Nissan Motor Co Ltd’s joint ventures.

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First published on: 14-12-2016 at 07:58:44 am
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