Kristoffel Steiner School Tervuren

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BEIJING Maillot Anthony Martial France , Sept. 27 (Xinhua) -- China's top economic planner said Wednesday it had fined 18 manufacturers of poly vinyl chloride (PVC) a total of 457 million yuan (69 million U.S. dollars) for manipulating market prices.

The 18 companies collaborated to raise PVC prices in 2016, causing obvious price hikes in the market, the National Development and Reform Commission (NDRC) said.

Their behavior harmed the market competition order Maillot Djibril Sidibe France , the profit margins for downstream PVC users and consumers' interests, said the NDRC.

Each of the 18 companies was required to pay between 1 and 2 percent of their annual revenue as a fine.

These companies' PVC production accounted for three quarters of the country's total last year.

They reached 13 price monopoly agreements.

Hubei Yihua Group and China National Salt Industry Corporation Jilantai Salt Chemical Group played a leading role and proposed six meetings to discuss price hikes.

PVC products are widely used in building materials as well as medical and household appliances.

Xi says international community must cooperate on global security

Chinese vice premier visits basketball players before friendship game

Highlights of Turkish-Iraqi joint military drill

Mexico quake death toll rises to 333

Modern manufacturing, transport help six Chinese provinces develop fast

A look at Kantuman Bazaar in China's Xinjiang

Scenery of terraced fields in Houyuan Village Maillot Moussa Sissoko France , China's Fujian

Scenery of high-speed rail networks in south China's Guangxi

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