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China fines General Motors $29 million for price-fixing


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Cadillac in ChinaHere in America, the president-elect has spent plenty of time talking about his plans for de-regulation. Across the Pacific, however, there's no sign that China has any such intention of scaling back government oversight. In fact, Beijing regulators are now gearing up to fine General Motors 201 million yuan ($29 million) for price-fixing. The news...

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This coming from the country that supports counterfeiting and then exporting famous international brands of products like watches, clothes, and even automotive parts. 

So is GM accused of price fixing only? Or is their government-mandated partner SAIC also guilty of said price-fixing? Funny how the article does not talk about that.

Edited by Frosty
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