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So Will China's Milk Powder Fines Hurt?

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So Will China's Milk Powder Fines Hurt?
AIRED:
China's decision to fine six foreign baby milk manufacturers $110m is the latest development in an investigation into price fixing and anti-competitiveness. China says it's a record amount but none of the companies shares suffered too much - in fact most went up . Foreign infant formula is much in demand in China - it accounts for half total sales in a market set to top 25 billion dollars by 2017. Western baby milk can sell for double the price of local products.moreless
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