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China fines 6 milk powder makers $110 mln for price fixing
date:Aug 08, 2013
erra said they would not contest the penalties. Officials at French food group Danone and FrieslandCampina were not immediately available to comment.

After the NDRC probe was announced, a number of companies including Mead Johnson, Danone and Nestle cut prices on their baby formula in China by up to 20 percent.

Analysts said the probe was possibly part of a broader Chinese plan to boost consumption of local infant milk products.

But they said the fines were unlikely to damage the reputation o

12/21 21:26