China Fines Japan Bearing Makers for Antitrust Violations
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China’s antitrust regulator fined Japanese bearing makers NSK Ltd. and NTN Corp. a combined 4.8 billion yen ($47 million) for violating rules amid a probe into industry pricing practices.
NSK and NTN were fined 2.9 billion yen and 1.9 billion yen, respectively, by China’s National Development and Reform Commission, according to the companies’ statements to the Tokyo Stock Exchange.