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Chinese liquor giants fined for price fixing

时间：2013-02-25 00:15:59

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（单词翻译）

 　　BEIJING, Feb. 23 (Xinhua) -- Chinese top two liquor makers1 Kweichew Moutai and Wu Liangye were fined a total of 449 million yuan (71.41 million U.S dollars) for price fixing, according to local price regulators.

　　The Guizhou-based Moutai and Sichuan-based Wu Liangye were ordered to pay 247 and 202 million yuan in fines, respectively, according to statements from local price regulators on Friday.
　　It marked the harshest fines since the implementation2 of China's antimonopoly laws in 2008.
　　The statements said that the companies had restricted the lowest prices on its liquor products for resale at their distributors, with whom they had made vertical3 monopoly agreements.
　　The punishments have shown that the government makes no exception for any company when handling antitrust cases, as the two fined businesses are both state-owned, said Wang Xiaoye, a professor at Graduate School of Chinese Academy of Social Sciences.
　　But the fines were relatively4 light, Wang said, citing that they only accounted for 1 percent of the total revenue the two companies recorded last year. The figure can reach as high as 10 percent according to Chinese antimonopoly laws.
　　The punishment added to the plight5 of the two liquor giants, as a recent government frugality6 campaign is expected to have a sizeable impact on sales of their products, which mainly target high-end consumers.
　　The penalties follow similar fines to Samsung, LG and four Taiwanese LED makers in January.

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1 makers 22a4efff03ac42c1785d09a48313d352     
n.制造者，制造商（maker的复数形式）
参考例句：
  • The makers of the product assured us that there had been no sacrifice of quality. 这一产品的制造商向我们保证说他们没有牺牲质量。
  • The makers are about to launch out a new product. 制造商们马上要生产一种新产品。 来自《简明英汉词典》
2 implementation 2awxV     
n.实施，贯彻
参考例句：
  • Implementation of the program is now well underway.这一项目的实施现在行情看好。
3 vertical ZiywU     
adj.垂直的，顶点的，纵向的；n.垂直物，垂直的位置
参考例句：
  • The northern side of the mountain is almost vertical.这座山的北坡几乎是垂直的。
  • Vertical air motions are not measured by this system.垂直气流的运动不用这种系统来测量。
4 relatively bkqzS3     
adv.比较...地，相对地
参考例句：
  • The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
  • The operation was relatively painless.手术相对来说不痛。
5 plight 820zI     
n.困境，境况，誓约，艰难；vt.宣誓，保证，约定
参考例句：
  • The leader was much concerned over the plight of the refugees.那位领袖对难民的困境很担忧。
  • She was in a most helpless plight.她真不知如何是好。
6 frugality XhMxn     
n.节约，节俭
参考例句：
  • We must build up our country with industry and frugality.我们必须勤俭建国。
  • By frugality she managed to get along on her small salary.凭着节俭，她设法以自己微薄的薪水生活。

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