The official Xinhua news agency reported that China has fined six mostly foreign baby formula companies a total of $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