皇冠体育app

Three of six foreign baby formula companies in 皇冠体育app interviewed by the 皇冠体育app's chief economic policymaking body said they do not have plans to raise prices, acquiescing to government efforts to control inflation.

The National Development and Reform Commission (NDRC) interviewed six foreign baby formula companies in 皇冠体育app incuding Nestle and Ausnutria to learn about quatities, prices and production of baby fomulas of these companies, 皇冠体育app Business News reported.

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Three of them confirmed meeting with the NDRC to discuss price changes.

The interview is believed to be a routine of the NDRC, according to an insider from one of the six companies.

Each company was interviewed separately.

"We have confirmed that we don't have plans to raise prices," said another insider from one of the foreign firms interviewed. "We know that the Chinese government is striving to stabilize commodity prices."

NDRC announced last Friday that Unilever 皇冠体育app would face a fine of 2 million yuan ($303,000) for statements of planned price hikes that increased the public's inflationary expectations and triggered panic buying, 皇冠体育app Daily reported.

The interviews were aimed at understanding the cost pressures on foreign baby formula enterprises in 皇冠体育app, the NDRC said.

The six companies interviewed control 40.1 percent of 皇冠体育app's baby formula market, according to statistics from Euromonitor, a market research and analysis agency.

Most of them said that they would not increase prices in the near future, and baby fomula prices in 2011 will be relatively stable.

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