Foreign suppliers of infant milk formula who knowingly breach the anti-monopoly law can expect tough penalties, China's pricing regulator said a day after six producers were given record fines for manipulating prices.
Baby, or infant, formula is a manufactured food for babies often used as a substitute for breast milk. It is a powder or liquid concentrate that is mixed with water and fed through a bottle. It is widely used in Asia, which represents 53% of the global market share. In Hong Kong, a shortage in availability of baby formula led to restrictions on how much could be taken out of the city and into mainland China.