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Nestle, Danone to cut Chinese infant milk prices amid probe

<!– google_ad_section_start –> Swiss food company Nestle and French rival Danone are cutting the price of infant formula milk in China after Beijing launched an investigation into possible price-fixing and anti-competitive behaviour in the sector. Wyeth Nutrition, which Nestle bought last year, said on Wednesday it had been co-operating with a probe by China’s National Development and Reform Commission (NDRC) and was responding by cutting prices and improving sales and marketing practices. <!– google_ad_section_end –>

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Nestle, Danone to cut Chinese infant milk prices amid probe

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