U.S. indicts four Chinese container manufacturers alleging pandemic-era price-fixing cartel
The U.S. Justice Department has indicted four Chinese shipping giants for conspiring to restrict container output to fix prices during the pandemic era, in one of the most significant antitrust actions brought against Chinese firms in years, even as both sides seek to stabilize bilateral ties.China International Marine Containers, or CIMC, Singamas Container Holdings, Shanghai Universal Logistics Equipment, and CXIC Group Containers colluded to cut container output from November 2019 to early 20...