( September 5, 2025, 04:48 GMT | Official Statement) -- MLex Summary: China's Shandong market regulator fined the provincial explosive-materials trade association and nine civil-explosives companies for monopoly agreements and price fixing, according to penalty decisions issued by the State Administration for Market Regulation. The regulator found the association organized four meetings in 2020 to set anticompetitive agreements, which eight companies implemented in 2021, restricting competition and harming downstream businesses. The association was fined 300,000 yuan ($42,000), while the eight companies were fined between 690,866 yuan and 2,622,955 yuan, equal to 1 percent of their 2020 sales. Another company that joined the agreements but did not implement them was fined 200,000 yuan.The statement follows and the penalty decisions, in Chinese, are attached:...
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