China Fines Milk Powder Suppliers Over Pricing

wochit news
August 07, 2013 AT 11:17 AM
China's top economic planning agency said the government has fined six companies that sell infant milk powder a total of $109 million for anticompetitive behavior and price fixing. According to Xinhua, the official state news agency.It is the largest fine China has ever issued for violations of its antimonopoly law.