date:Jul 04, 2013
tails.
The company said it would not raise prices on any new products over the next year.
Analysts said the investigation could result in fines and tougher rules governing imports into an infant milk market set to grow to $25 billion by 2017. The firms could face fines ranging from 1 percent to 10 percent of their annual sales, the state-run Xinhua news agency quoted experts as saying.
Local Brands
It is part of the whole idea of a consolidation process, said Renee Tai, a Hong Kong-based ana