date:Aug 08, 2013
drinking milk tainted with the toxic industrial compound melamine.
Foreign brands account for about half of total sales and can sell for more than double the price of local formula. The infant milk market in the world's second biggest economy is set to grow to $25 billion by 2017.
The NDRC said in a statement the fines were for restricting competition, setting curbs on minimum prices for distributors and for using a variety of methods to disrupt market order.
Swiss giant Nestle, Japan's Meiji