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Comment: PVC price-fixing fines show Chinese regulators mean business in tackling hardcore cartels

By MLex staff ( October 18, 2017, 08:56 GMT | Comment) -- Chinese antitrust authorities have broken up one of the country's most infamous cartels, handing down the heaviest-ever antitrust penalties against domestic companies as they revealed details of 457 million yuan ($68.8 million) of fines levied on 18 chemical manufacturers for fixing the prices of polyvinyl chloride. Although Chinese cartels are learning to be more discreet in their activities and stay off regulators' radar, the companies involved in the PVC cartel case had been quite brazen in their behavior.Chinese antitrust authorities have broken up one of the country's most infamous cartels, handing down the heaviest-ever antitrust penalties against domestic companies as they revealed details of 457 million yuan ($68.8 million) of fines levied on 18 chemical manufacturers for fixing the prices of polyvinyl chloride....

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