China Fines Pretty Much Everyone for Price Fixing

[edKENdance]

http://english.cri.cn/6826/2014/05/29/2702s829087.htm

[Chris Ryser]

Chinese authorities said on Thursday that seven eyeglass and contact lens manufacturers have been fined more than 19 million yuan (3.1 million U.S. dollars) for price manipulation.


The companies include the four major frame eyeglass makers of Essilor, Nikon, Zeiss and Hoya, as well as Bausch+Lomb, Johnson & Johnson, and Weicon, major providers of contact lenses, the National Development and Reform Commission said in a statement.

Interesting ............................

[Matthew]

Too bad the USA wont fine the big guys for price fixing..

And what the heck, fine the BIG OIL companies too...