For foreign milk producers, China is becoming less lucrative after Beijing moved to protect domestic companies that suffered safety scandals by launching a price-fixing probe focusing on overseas companies.
Danone on Monday said it would lower its Chinese infant formula prices by as much as a fifth.
In an emailed statement, the Paris-based company said it would cut prices of its Dumex-branded baby nutrition products in China by 5-20 per cent from Tuesday.
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