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Nestle, Danone to cut Chinese infant milk prices amid probe
date:Jul 04, 2013
that its Dumex business had also been cooperating with the NDRC and was preparing a price-cut proposal whose details would be disclosed later.

Both companies, along with Mead Johnson Nutrition Co and Abbott Laboratories, said on Tuesday they were being investigated by the NDRC.

Analysts see the probe as possibly part of a broader Chinese plan to boost consumption of local infant milk products. Mothers turned away from Chinese milk powder in 2008 when infant formula tainted with the industrial

12/20 14:42