The ministry vowed to provide more convenient approval procedures for qualified importers, but told them to set reasonable prices and eradicate price manipulation and other moves that amounted to unfair competition, Xinhua reported citing a ministry statement.
In August, Chinese authorities fined six baby formula companies operating in the mainland, namely Biostime, Mead Johnson, Dumex, Abbott, Friesland and Fonterra, for a total of USD 108 million following an anti-trust investigation.
The National Development and Reform Commission said formula producers set minimum resale prices for distributors and punished those who sold their products at lower prices by suspending supplies or ending contracts.
According to the statement, domestic distributors are also asked to obey industry standards and ensure product quality.
--IANS (Posted on 16-10-2013)