date:Jul 04, 2013
igated by China's National Development and Reform Commission for possible antitrust violations.
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.
It is part of the whole idea of a consolidation process, said Renee Tai, a Hong Kong-based analyst at r