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Government Condemns Price-Fixing by TV Makers
The Chinese government has overturned price-fixing launched by nine local color TV set manufacturers, according to an official with the Ministry of Information Industry.
At a recent discussion panel on regulating the color TV martet, the nine pro-fixing companies agreed to stop interfering in price-cuts by shops, the official said.
What these companies have done is against the Price Law and must be halted immediately, the firms were told.
At the end of the discussion, the nine companies published a joint declaration to support the government in controlling the market.
On June 9, representatives from the nine manufacturers met to discuss issues concerning the technical cooperation of color television sets.
China, which turned out 44.86 million color TV sets last year, is one of the largest home appliances producers in the world.
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