No 7 Baijiu liquor price fixing
In Feburary 2013, Kweichow Moutai Co Ltd and Wuliangye Yibin Co Ltd were fined a total of 449 million yuan by the NDRC for setting up a price monopoly. The fine accounted for one percent of the two companies' total revenues in 2012.
The NDRC fined Moutai for 247 million yuan and Wuliangye for 202 million yuan.
|
 |
|
A bottle of Moutai spirit and a bottle of Wuliangye spirit are shown off at an expo in the city of Luzhou, Southwest China's Sichuan province on March 23, 2014. [Photo/IC] |
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
