date:Jul 04, 2013
Swiss food company Nestle and French rival Danone are cutting the price of infant formula milk in China after Beijing launched an investigation into possible price-fixing and anti-competitive behaviour in the sector.
Wyeth Nutrition, which Nestle bought last year, said on Wednesday it had been cooperating with a probe by China's National Development and Reform Commission (NDRC) and was responding by cutting prices and improving sales and marketing practices.
Danone said in an e-mail to Reuters