国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

chinadaily.com.cn
left corner left corner
China Daily Website

Chinese vitamin C makers found guilty of price fixing in the US

Updated: 2013-03-19 15:03
( chinadaily.com.cn)

Hebei Welcome Pharmaceutical Co and its affiliated company North China Pharmaceutical Group Corp on Thursday were found guilty by a United States court of fixing the prices of vitamin C products.

This was the first time that Chinese companies were on trial in the US for alleged antitrust violations.

The judge ruled that the two companies have to pay $162 million in compensation.

The Chinese vitamin C makers said in their legal defense that the central government asked them to adjust the prices of exports products.

A judicial document was issued by China's Ministry of Commerce supporting the two companies' claims and urging the court to reverse the verdict, as the industrial policy in China allowed them to adjust the prices.

The plaintiffs in the case were an animal feed company in Texas and a vitamin C distributor in New Jersey. Both companies claimed that the Chinese companies formed an illegal price-controlling association, raising the prices significantly and bringing a loss of dozens of million dollars to US consumers. The products made by the Chinese companies are used in food, drinks and animal feed.

In the late 1990s, companies from Switzerland, Japan and Germany were also involved in vitamin C price-fixing cases in the US market. They were put on trial in the US and Europe and paid $1 billion in criminal compensations and over $1 billion in civil compensations.

The annual sales volume of vitamin C products in the US market exceeds $100 million, court documents showed.

 
...
...
...
康平县| 荣昌县| 德昌县| 大姚县| 且末县| 定结县| 东源县| 宣城市| 和顺县| 吴堡县| 宜昌市| 图们市| 阿尔山市| 承德市| 威信县| 蒙阴县| 宣武区| 阿坝县| 丽水市| 佛教| 咸宁市| 赤城县| 双牌县| 五台县| 株洲市| 津南区| 新干县| 秦安县| 珲春市| 九龙坡区| 清苑县| 阳信县| 镇安县| 仪征市| 澄江县| 滦平县| 分宜县| 麻江县| 临漳县| 海林市| 邹平县|