China Draft Anti-monopoly Rules Aim At Foreign Price Deals

From Reuters:

Draft anti-monopoly rules issued by China propose restrictions on price agreements that could apply to deals reached by foreign companies beyond the country’s borders, potentially in mining and other sectors.

The draft rules were issued for public comment by the National Development and Reform Commission (www.ndrc.gov.cn), the nation’s top economic planning body, late on Wednesday, and they build on China’s anti-monopoly law passed in 2008.

The draft document makes clear that Chinese regulators could put foreign multi-nationals, which sell in China, in their sights when enforcing the proposed regulations against price-fixing deals.

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