date:Jul 09, 2013
International infant formula producers in China have announced their plans to lower the prices, a move which comes after the government initiated an investigation into alleged price fixing by foreign firms.
Danone said that it will lower prices of its Dumex-branded products in China by 5% to 20% beginning 9 July.
In a statement, Danone said that Dumex has already undertaken an internal review with respect to relevant provisions of antitrust law in order to ensure that its operations are in com