China fines six infant milk formula firms 668mn yuan

BEIJING China has imposed record fines totaling 668 million yuan (HK$834 million, $109million) on six producers of infant milk formula for violating anti-monopoly laws, price fixing and over quality concerns. The fines, announced by China’s top economic planner, the National Development and Reform Commission, were imposed amid a drive by mainland authorities to ease consumers’ fears about the …

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