China is investigating several major foreign milk powder sellers for possible price manipulation and breach of Chinese Anti-trust Law, the National Development and Reform Commission (NDRC) said Tuesday, a move that is expected to restore consumers’ confidence and may help protect domestic infant formula producers.
The probe will investigate the pricing of infant formula sold by Biostime International Holding, Mead Johnson Nutrition, Danone, Abbot Laboratories, Nestle, and Royal FrieslandCampina NV, according to media reports on Tuesday quoting unnamed sources.
Read Full Article HERE
Wang Xinyuan via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/_JTqdu0qjZk/
No comments:
Post a Comment