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China's Shandong rejects 'industry rescue' pleas in cartel crackdown on explosives makers

By MLex Staff ( September 5, 2025, 07:59 GMT | Insight) -- Antitrust regulators in China’s Shandong Province have fined multiple civil-explosives producers for engaging in price fixing orchestrated by their industry association, rejecting claims that the arrangement was a good-faith “industry self-rescue” amid severe disorderly competition in the market. The probe found that, under the auspices of the Shandong Explosive Materials Association, the companies agreed at a series of meetings in late 2020 to adopt uniform “guiding prices” for sales starting in 2021, with provisions including unified sales, unified settlement and the payment of performance deposits.Antitrust regulators in China’s Shandong Province have fined multiple civil-explosives producers for engaging in price fixing orchestrated by their industry association, rejecting claims that the arrangement was a good-faith “industry self-rescue” amid severe disorderly competition in the market....

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