China fines 12 Japanese firms $200m over monopoly  

发改委对12家日企反垄断罚款12.354亿元

据国家发展和改革委员会网站消息，今日，发改委公布了对日本12家企业的行政处罚决定，宣布对12家日本汽车零部件企业实施反垄断处罚。国家发改委此前的通告显示，对这12家日本零部件和轴承企业合计罚款12.354亿元。[查看全文]

(ECNS) -- China's top pricing regulator released a statement on administrative penalties via its website on Thursday to 12 Japanese auto-part and bearing makers levied 1.24 billion yuan ($202 million) in fines.

These companies were found to have implemented monopoly pricing agreements over a long period, the National Development and Reform Commission (NDRC) said in a statement.

It is believed to be the largest fine China had imposed since its anti-monopoly law took effect in 2008.

One of the auto-part manufacturers, Hitachi Automotive Systems, and bearing maker Nachi-Fujikoshi Corporation were found guilty, but were exempted from fines.

The NDRC said both companies had reported monopolistic agreements to the authorities and provided evidence.

Sumitomo Electric Industries Ltd. drew the heaviest fine at 290.4 million yuan ($47.28 million), followed by Yazaki Corp.

Besides Sumitomo and Yazaki, perpetrators include Denso Corp., NSK Ltd., NTN Corp., Furukawa Electric Co., Jtekt Corp., Mitsubishi Electric Corp., Mitsuba Corp. and Aisan Industry Co.