A customer shops for baby fomula products. [File photo] |
No 6 Infant formula pricing
Six infant formula producers,Biostime, Dumex, Mead Johnson, Abbott, Friesland and Fonterra were fined 670 million yuan ($108.8 million) by the NDRC on August 7, 2013 for vertical price monopoly.
NDRC investigations found that their products had been priced higher in the Chinese market than in other markets.
Go to Forum >>0 Comment(s)