China investigating carmakers over pricing: Industry body
SHANGHAI/BEIJING (REUTERS) - A Chinese automotive association is collecting data on the price of all foreign cars sold in the country for a government agency that has fined companies for price-fixing in sectors ranging from milk powder to jewellery, officials at the industry body said.
The China Automobile Dealers Association (CADA) has been doing the research for the National Development and Reform Commission (NDRC) since last year, said Mr Luo Lei, deputy secretary-general of the association.
Mr Luo said the NDRC was investigating whether carmakers were setting a minimum retail price for dealers in China, which lawyers said could contravene the country's 2008 anti-monopoly law. The world's largest auto market is a key source of revenue for many foreign companies and such scrutiny would be unwelcome.
The NDRC, which is responsible for enforcing anti-trust rules on pricing, declined to comment, but lawyers said it was common for the commission to seek information from industry bodies before launching a formal investigation.