CHINA-ECONOMY-TRADE-MILK

A woman talks on the phone as she walks past a shelf of baby formula at a supermarket in Beijing 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. AFP PHOTO / WANG ZHAO (Photo by WANG Zhao / AFP) (Photo by WANG ZHAO/AFP via Getty Images)
A woman talks on the phone as she walks past a shelf of baby formula at a supermarket in Beijing 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. AFP PHOTO / WANG ZHAO (Photo by WANG Zhao / AFP) (Photo by WANG ZHAO/AFP via Getty Images)
CHINA-ECONOMY-TRADE-MILK
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Credit:
WANG ZHAO / Stringer
Editorial #:
175714623
Collection:
AFP
Date created:
07 August, 2013
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Source:
AFP
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AFP
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Hkg8864386
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