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© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Auto parts supplier NSK fined by China in anti-monopoly case
By JOE McDONALD BEIJING©2024 GPlusMedia Inc.
9 Comments
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M3M3M3
This is laughable smokescreen for protectionism. Chinese import duties and taxes on foreign cars/parts are what make them 2 or 3 times more expensive in China than they are in the west.
gogogo
Exactly, lets steal the money from the foreign companies
Paul Vulaj
Sell the stupid Chinese government cars and don't sell them parts!!!
nath
(shakes head)
oldman_13
Great for China government, the shining beacon of all things without corruption and righteousness.
some14some
Regret despite paying huge fines in America, Japanese makers continue to violet anti-monopoly laws, this time in China.
jeff198527
An anti-monopoly case in a country where virtually all companies are state-owned.
turbotsat
Did NSK not pay the correct bribes, or paid but to wrong people?
ebisen
Yeah, I think NSK must have a better overview whom they bribe there. Some people leave jobs immediately after getting the bribe money, slowly making this approach a poor investment. Additionally, the imported parts are expensive because:
1 - they are original (made up to specs)
2 - they are taxed heavily entering the country.
I thinks China wants to reduce the prices of original parts down to the level of knock-offs.