China fines Eastman for abuse of dominance

Charles McConnell

30 April 2019

China fines Eastman for abuse of dominance

Credit: iStock/Liia Galimzianova

US-based Eastman Chemical must pay a €3.2 million fine for abusing its dominance in the market for a type of alcohol used in latex paints, China’s antitrust watchdog has held in a decision that appears to deviate from past penalty calculations.