Chinese authorities have levied fines worth hundreds of millions of yuan on eight international sea freight shipping companies for violating the country’s anti-monopoly law by price fixing. The eight companies, four of which are Japanese, have been fined 407 million yuan (62.86 million US dollars), equating to 4% to 9% of their annual incomes in 2014, the National Development and Reform Commission (NDRC) said in the statement on Monday.
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