China Fines 6 Foreign Baby Formula Firms $108 Million for Price-Fixing

by Bidita Debnath on  August 7, 2013 at 11:14 PM General Health News
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The official Xinhua news agency reported that China has fined six mostly foreign baby formula companies a total of $108 million for price-fixing.
 China Fines 6 Foreign Baby Formula Firms $108 Million for Price-Fixing
China Fines 6 Foreign Baby Formula Firms $108 Million for Price-Fixing

The firms fined were Mead Johnson and Abbott from the US, Dumex, a subsidiary of France's Danone, Friesland of the Netherlands, New Zealand giant Fonterra -- at the centre of a health scare this week -- and China's Biostime, Xinhua said, citing the National Development and Reform Commission.

Source: AFP

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