No 6 Infant formula pricing

Six infant formula producers,Biostime, Dumex, Mead Johnson, Abbott, Friesland and Fonterra were fined 670 million yuan ($108.8 million) by the NDRC on August 7, 2013 for vertical price monopoly.

NDRC investigations found that their products had been priced higher in the Chinese market than in other markets.

Tins of Dumex infant formula are displayed during an exhibition in Nanjing, East China's Jiangsu province, Nov 14 2013. [Photo/IC]