China fines eye-care companies on pricing charges

Published May 30, 2014 4:34am ET



BEIJING (AP) — China has fined Johnson & Johnson, Nikon Corp. and five other makers of eyeglasses and contact lenses on price-fixing charges in its latest effort to use anti-monopoly law to control consumer prices.

Manufacturers were fined a total of 19 million yuan ($3.1 million) for setting minimum prices for retailers and limiting their ability to offer discounts, the Cabinet’s planning agency said Thursday.

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