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China fines six baby formula suppliers $108 million
China fines six baby formula suppliers $108 million

The Chinese government Wednesday issued what it said were record-high fines totaling $108 million in connection with the scandal-ridden baby formula industry. The government fined five foreign companies — Mead Johnson Nutrition Co. and Abbott Laboratories, both in Illinois; the Dumex unit of France's Groupe Danone; Royal FrieslandCampina in the Netherlands; and Fonterra Co-operative Group in New Zealand — as well as Biostime International Holdings in Guangzhou, China. The government accused the manufacturers of artificially inflating the price of formula, taking advantage of the panic among Chinese parents over tainted milk products. The milk powder industry in China...