CHINA-ECONOMY-TRADE-MILK

A customer selects baby milk in a supermarket in Haikou, south China's Hainan province on August 7, 2013. China has fined six mostly foreign baby formula companies a total of 108 million USD for price-fixing, the government said on August 7, in reportedly the country's biggest-ever anti-trust penalty. The firms fined were Mead Johnson and Abbott from the US, Dumex, a subsidiary of France's Danone, a China arm of Royal FrieslandCampina of the Netherlands, New Zealand giant Fonterra -- at the centre of a health scare this week -- and China's Biostime, the National Development and Reform Commission (NDRC) said in a statement. CHINA OUT AFP PHOTO (Photo by AFP) (Photo by STR/AFP via Getty Images)
A customer selects baby milk in a supermarket in Haikou, south China's Hainan province on August 7, 2013. China has fined six mostly foreign baby formula companies a total of 108 million USD for price-fixing, the government said on August 7, in reportedly the country's biggest-ever anti-trust penalty. The firms fined were Mead Johnson and Abbott from the US, Dumex, a subsidiary of France's Danone, a China arm of Royal FrieslandCampina of the Netherlands, New Zealand giant Fonterra -- at the centre of a health scare this week -- and China's Biostime, the National Development and Reform Commission (NDRC) said in a statement. CHINA OUT AFP PHOTO (Photo by AFP) (Photo by STR/AFP via Getty Images)
CHINA-ECONOMY-TRADE-MILK
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Credit:
AFP / Stringer
Editorial #:
175728820
Collection:
AFP
Date created:
07 August, 2013
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Rights-managed
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Source:
AFP
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AFP
Object name:
Hkg8864843
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