1. Text: | Print|

      Chinese gold stores fined for price manipulation

      2013-08-13 07:37 Xinhua Web Editor: qindexing
      1

      Five Shanghai-based gold and jewelry stores and a local trade association have been fined a combined total of 10.59 million yuan (1.72 million U.S. dollars) for manipulating the prices of their jewelry, China's top economic planner said Monday.

      The five stores are Shanghai Laofengxiang Co., Ltd., Shanghai Laomiao Gold Co., Ltd., First Asia Jewelry, Chenghuang Jewelry and Tianbao Longfeng, according to the National Development and Reform Commission (NDRC).

      The NDRC said probes by local pricing authorities found that the five stores had manipulated the retail prices of their gold and platinum jewelry in accordance with a pricing scheme created in cooperation with the Shanghai Gold & Jewelry Trade Association.

      Their practices harmed the legitimate interests of other business operators and consumers, the commission said.

      According to China's anti-monopoly law, the trade association played a leading role in formulating and executing a monopoly agreement in this case and will receive a fine of 500,000 yuan, the maximum fine possible for this type of offense, the NDRC said.

      The stores were fined a combined total of 10.09 million yuan, or 1 percent of their 2012 revenues, as they voluntarily corrected their illegal practices before the probe and cooperated during the investigation, according to NDRC.

      The verdict marked the second anti-trust case revealed in the last week, as authorities have moved to clamp down on anti-competitive market conduct and clean up the country's business environment.

      On Wednesday, the NDRC announced fines totaling 670 million yuan for six foreign baby formula companies operating on the mainland following an anti-trust probe, the largest such fines ever imposed for anti-trust infringement in China.

      China's anti-monopoly law stipulates that fines for a company may range from 1 percent to 10 percent of its total revenues from the previous year.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 亚洲一级免费毛片| 亚洲人成未满十八禁网站| 自拍偷自拍亚洲精品偷一| 波多野结衣免费在线观看| 婷婷久久久亚洲欧洲日产国码AV | 91亚洲一区二区在线观看不卡| 老司机精品免费视频| 国产精品亚洲精品日韩已方| 草久免费在线观看网站| 亚洲国产精品尤物yw在线 | 999国内精品永久免费观看| 亚洲视频欧洲视频| 最近免费视频中文字幕大全| 91亚洲自偷手机在线观看| 野花香高清视频在线观看免费| 亚洲精品无码久久久影院相关影片| 中文字幕免费在线观看动作大片| 亚洲乱码一区二区三区在线观看| 青青操免费在线观看| 久久亚洲精品国产精品| 黄色成人免费网站| 亚洲欧美aⅴ在线资源| 免费国产一级特黄久久| 一区二区3区免费视频| 国产精品国产亚洲精品看不卡| 18成禁人视频免费网站| 亚洲国产日韩精品| 亚洲精品国产电影| 桃子视频在线观看高清免费视频 | 动漫黄网站免费永久在线观看| 亚洲色少妇熟女11p| 免费中文字幕不卡视频| 免费看黄的成人APP| 亚洲国产精品综合久久网各| 午夜视频在线在免费| caoporn成人免费公开| 亚洲欧洲日本精品| 国产在线98福利播放视频免费| 国内永久免费crm系统z在线| 亚洲一区二区三区久久久久| 免费日本黄色网址|