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China’s Antitrust Regulator Fines Baby Formula Producers RMB 670 Million For Resale Price Maintenance
On Aug. 7, 2013, the National Development and Reform Commission (NDRC) issued fines totaling around $110 million to six producers of baby formula (namely Danone, Mead Johnson, Fonterra, Abbott, FrieslandCampina and Biostime) for price-fixing and anti-competitive behavior.
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