BEIJING Wholesale Corey Dickerson Jersey , 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 Wholesale Matt Duffy Jersey , 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
Scenery of high-speed rail networks in south China's Guangxi
Automotive Instrument Cluster Market to Witness an Outstanding Growth During 2017-2025
by kedars · January 4, 2019
Introduction:
Automotive instrument cluster are devices that display critical information regarding the condition of a vehicle. This includes but not limited to fuel indication, oil indication Wholesale Chris Archer Jersey , various warning limit indicators, speed, and mileage among others. These instrument clusters are factory-fitted in the vehicle during manufacturing and the demand tends to grow directly in co-relation with the growth in the automotive industry. Infotainment is the new buzzword associated with the automotive market Wholesale Wade Boggs Jersey , wherein the functionalities of both in-car entertainment and information pertaining to the status of the vehicle are amalgamated and displayed via a common display. This has led to increased digitization of automotive instrument cluster and this factor coupled with increased wireless capabilities is anticipated to boost the market in the forecast period.
Global automotive instrument cluster Market: Market dynamics
Drivers:
With the advent of electronics in automotive, the vehicle dashboard now is not just a dashboard, each and every operation in a vehicle is sensed and displayed in analog or digital form with the use of actuators thus providing immediate and real time information about the condition of the vehicle to its users. Reason for raising demand of automotive instrument cluster is the continual technological advancement in the automotive technologies. Growing trend of digitalized and hybrid cluster also play a prominent part in boosting up demand of automotive instrument cluster market. Luxurious car makers such as Aston Martin Cheap Denard Span Jersey , Audi, Buick Limited, Ferrari and others have launched vehicles with digitalized cluster Cheap Sergio Romo Jersey , now these clusters are an integral part of luxury vehicles. With the advent of fully digital displays, dashboards has reached a new level by being able to take into account the driving situation and by enhancing the user experience. These factors hike the demand for automotive instrument cluster.
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From a macro-economic perspective the changing consumer lifestyle further supplemented by rising income levels in prominent regions is anticipated to drive demand for vehicles with advanced safety and infotainment features. Thus the market is foreseen to witness moderate growth in demand.
Some of restraints associated with the automotive instrument cluster market is high cost of the product owing to the shift of analog to digital consoles witnessed in the market. High cost associated with the internal components such as integrated circuits, power systems and among others contribute heavily to its cost thereby restraining the market to its fullest potential. The challenges associated with the automotive instrument cluster market also includes the threat of cyber-attacks from external sources which can cause loss of control of the vehicle due to digitization of such systems
Global automotive instrument cluster Market: Segmentation:
Automotive instrument cluster can be segmented on the basis of product type Cheap Wilson Ramos Jersey , vehicle type and sales channel
On the basis of product type automotive instrument cluster can be segmented as:
Analog Digital Analog-Digital Hybrid
On the basis of vehicle type automotive instrument cluster can be segmented as:
Passenger Cars Light Commercial Vehicles (LCVs) Heavy Commercial Vehicles (HCVs) Special Purpose Vehicles
On the basis of sales channel automotive instrument cluster can be segmented as:
Original Equipment Manufacturers (OEM) Aftermarket
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Global automotive instrument cluster Market: Regional outlook: