Harsher penalties following China's baby formula probe

Chinese regulators threaten heavier fines for foreign infant-formula makers who knowingly breach China’s anti-monopoly laws, South China Morning Post reported, citing a People’s Daily report. Xu Kunlin, head of the Price Supervision and Anti-Monopoly Bureau of the National Development and Reform Commission (NDRC) said the companies faced more serious fines if they gave impression of complying with the law’s provisions while in fact opposing them. Xu also said the companies knowingly broke the law and deliberately covered up evidence during the antitrust probe. This comes after six suppliers were given record fines totaling US$110 million.