PVC sellers fined $69m

Source:Global Times Published: 2017/9/27 21:03:40

The National Development and Reform Commission (NDRC), the country's top economic planner, has imposed a total fine of 457 million yuan ($68.87 million) on 18 polyvinyl chloride (PVC) sellers for manipulating market prices last year, the NDRC said Wednesday.

An investigation found that the 18 PVC producers agreed to deliberately drive up market prices in 2016, which burdened downstream enterprises and hurt consumers' legal interests, the economic planner said.

Posted in: ECONOMY

blog comments powered by Disqus