SHANGHAI Dec 14 China will soon slap a penalty
on an un-named U.S. automaker for monopolistic behaviour, the
official China Daily newspaper reported on Wednesday, quoting a
senior state planning official.
Investigators found the U.S. company had instructed
distributors to fix prices starting in 2014, Zhang Handong,
director of the National Development and Reform Commission's
price supervision bureau, was quoted as saying.
News of the penalty comes at a time of uncertainty for
China-U.S. relations after the election of Donald Trump as the
next U.S. president. Zhang was quoted as saying no one should
"read anything improper" into the timing or target of the
(Reporting by John Ruwitch; Editing by Lincoln Feast)