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Fireworks wholesalers in China's Jiangsu convicted for cartel agreement

By MLex Staff ( January 6, 2025, 05:43 GMT | Insight) -- Six fireworks wholesalers in China's Qidong City, in the Jiangsu Province, along with their jointly established industry association have been found guilty of engaging in a horizontal monopoly agreement by the Supreme Court, ending a protracted antitrust dispute. The case stemmed from complaints filed by three local retailers in 2022. Recently, the court overturned three 2023 rulings, according to the judgment issued by the Supreme Court.Six fireworks wholesalers in China's Qidong City, in the Jiangsu Province, along with their jointly established industry association have been found guilty of engaging in a horizontal monopoly agreement by the Supreme Court, ending a protracted antitrust dispute....

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