Zhejiang AMR Launches Antitrust Investigation against Used-car Companies

Recently, the Administration for Market Regulation of Zhejiang Province (“Zhejiang AMR”) set up a task force to investigate the suspected monopoly in the used-car market in Huzhou City.

Recently, the Administration for Market Regulation of Zhejiang Province (“Zhejiang AMR”) set up a task force to investigate the suspected monopoly in the used-car market in Huzhou City.

In the context of the country’s vigorous implementation of tax reduction and fee reduction policies, the used-car transaction service fees in Huzhou were kept at a high level, double or even several times higher than the surrounding cities, which seriously increased the burden on market operators and consumers.

A few days ago, the task force had finished field investigations and achieved core evidence.

(Source: Zhejiang AMR)

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/03/zhejiang-amr-launches-antitrust-investigation-against-used-car-companies/.

Leave a Reply

Please Login to Comment