2 offices set up to fight cartel
Source: Xinhua |
July 2, 2010, Friday
|
Print Edition
Print Edition
CHINA'S National Development and Reform Commission, the country's top economic planner, said yesterday that it will establish two offices to prevent anti-competitive behavior.
The Anti-Monopoly Office and the Market Price Supervision Office will control monopolistic behavior and curb market manipulation, said Xu Kunlin, chief of the NDRC's Price Department.
The announcement came the same day Chinese authorities fined a number of farm produce traders in northeast China for conspiring to push prices higher.
Government agencies, including the NDRC, the Ministry of Commerce and the State Administration of Industry and Commerce, jointly issued a statement yesterday saying they were fined because they speculated to increase prices.
Xu said Jilin Corn Center Exchange Ltd had asked more than 100 mung bean dealers nationwide in October for a meeting. The firm's report said output fell a yearly 64.05 percent in 2009 versus the official 14.9 percent drop.
The Anti-Monopoly Office and the Market Price Supervision Office will control monopolistic behavior and curb market manipulation, said Xu Kunlin, chief of the NDRC's Price Department.
The announcement came the same day Chinese authorities fined a number of farm produce traders in northeast China for conspiring to push prices higher.
Government agencies, including the NDRC, the Ministry of Commerce and the State Administration of Industry and Commerce, jointly issued a statement yesterday saying they were fined because they speculated to increase prices.
Xu said Jilin Corn Center Exchange Ltd had asked more than 100 mung bean dealers nationwide in October for a meeting. The firm's report said output fell a yearly 64.05 percent in 2009 versus the official 14.9 percent drop.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
