date:Jul 09, 2013
pliance with relevant law and regulations.
The company has co-operated with the NDRC investigation and will maintain today's price reductions for the next year, Danone added.
Earlier this month, Nestl had announced its plans to reduce the prices of its infant formula products. In addition, Zhejiang Beingmate Technology Industry Trade also plans to lower prices by 5% to 20%.
The National Development and Reform Commission initiated an investigation into possible price fixing by foreign firms,