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Three China’s Cement Enterprises Severely Fined Because of Price Monopoly

2014/09/11

According to the National Development and Reform Commission on September 9th, because of the price monopoly, three Chinese enterprises, the Cement Sales Co. Ltd. of Jilin Yatai Group, North Cement Co. Ltd. and Jidong Cement (Jilin) Co. Ltd., were severely fined respectively 60.04 million yuan, 40.97 million yuan and 13.38 million yuan, totally 114 million yuan. It is another severe fine for price monopoly after the 12 Japanese auto parts enterprises and 23 insurances companies in Zhejiang Province.


(Source: China IP Magazine)




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