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Meiji withdraws from China milk-formula market

By MLex Staff ( October 24, 2013, 10:10 GMT | Insight) -- Japan’s Meiji, one of the companies investigated earlier this year by the National Development and Reform Commission over pricing in the milk-formula market, has announced that it is suspending sales in China. The company blamed increasing competition and rising costs for its withdrawal.Japan’s Meiji, one of the companies investigated earlier this year by the National Development and Reform Commission over pricing in the milk-formula market, has announced that it is suspending sales in China....

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