date:Jul 30, 2013
id it had cut prices of baby milk formula in China by up to 20 percent following an investigation by Beijing into possible price-fixing and anti-competitive behaviour in the sector.
The move fuelled fears among some investors that Danone could reduce its profit outlook for the year, concerns the company sought to allay on Monday.
Price reduction in China will have an impact but a manageable impact. Long term, we see China and Asia as strong growth profiles but we are prepared for ups and downs