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China fines 12 Japanese suppliers £¤1.24 billion for price fixing

BEIJING – The National Development and Reform Commission (NDRC), China’s anti-monopoly regulator, announced on August 20 to fine 12 Japanese automobile parts and bearings makers a total of ¥1.24 billion ($201 million) for price fixing. The NDRC said that it has found the Japanese parts suppliers including Hitachi, Denso, Aisan,

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