日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Industries

Consumer concerns core of the issue

By Andrew Moody and Wang Chao (China Daily) Updated: 2014-08-18 04:45

In February last year, Kweichow Moutai was fined $40 million, the highest imposed on a single company under the new law so far. Its competitor Wuliangye Yibin was fined $30 million.

Some of the penalties imposed on the foreign companies now under investigation could be higher.

Audi, part of FAW-Volkswagen in China, one of the more high-profile companies being investigated, may be fined 1.8 billion yuan ($292 million), according to an undisclosed company source quoted in The Economic Observer newspaper in China.

Yet the fines and penalties that have been imposed in China remain a mere fraction of those applied in the EU or in the US.

In March this year, the EU fined two EU and four Japanese companies nearly 1 billion euros ($1.34 billion) for fixing the price of components in the car and truck industry.

In the US, the UK and Ireland, company executives can also be sent to jail and often are because the sanctions are criminal as well as civil.

Tetsuya Kumida, a former executive of a US subsidiary of a Japanese automotive products supplier, was sentenced to prison for 12 months and one day last year. Gary Walker, a former executive in the US of another Japanese auto parts company was sentenced to 14 months in jail last year.

Sebastien Evrard, partner of international law firm Jones Day in Hong Kong, says some of the media coverage of the recent probes has failed to pick up that the Chinese antitrust regime is not as severe as in other jurisdictions.

"There are no criminal sanctions in China unless you happen to kill an investigator. I think if you are a business executive in the United States where there is a possibility of going to prison you think about it (anti-trust activity) twice."

The fines imposed have been smaller in China than in the EU because of more relaxed interpretations of what constitutes a company's turnover.

They are imposed at both 1 and 10 percent of turnover in both jurisdictions. However, in the EU this is applied to a company's global sales, whereas in China it is often country turnover or even the sales of a specific product in the country.

"This is why you get this difference in the scale of the fines. The ones in the EU often run to hundreds of millions of euros and we have the recent one that was more than one billion euros," says Zhou at Taylor Wessing.

Three different government agencies are responsible for policing antitrust legislation in China.

Consumer concerns core of the issue

Consumer concerns core of the issue

Anti-trust team lacks real muscle for enforcement Qualcomm denies financial links with Chinese expert

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 成人在线免费播放 | 国产又粗又长又黄视频 | 国产一区二区三区精品在线观看 | 欧美激情片在线观看 | 精品视频在线播放 | 免费在线观看黄色片 | 成人av在线影院 | 91精品国产综合久久久蜜臀 | 国产乱码精品一品二品 | 在线精品观看 | 午夜久久视频 | 色哺乳xxxxhd奶水米仓惠香 | 黄色一级片子 | 天天爽天天操 | 国产日产亚洲精品 | 亚洲无打码 | 一级毛毛片 | 日韩亚洲视频 | 亚洲小视频在线播放 | 久久综合色88| 欧美一区二区三区激情视频 | 欧美一级片在线播放 | 亚洲第九十九页 | 色月丁香 | 一级理论片 | 男人的天堂在线播放 | 免费中文字幕在线观看 | 亚洲视频免费播放 | 成人av午夜 | 久草国产在线视频 | 国产精品欧美亚洲 | www.黄色网址.com | 国产黄网 | 日韩精品1 | 亚色视频 | 国产日韩欧美视频 | 国产精品久久久 | 好男人久久 | 欧美国产在线视频 | 亚洲九九夜夜 | 九九av在线 |