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Global firms cut China baby formula prices amid probe

Two global food giants facing a Chinese government probe over alleged price-fixing of baby formula have said they are cutting prices in the world's largest market for the product.Two global food giants facing a Chinese government probe over alleged price-fixing of baby formula have said they are cutting prices in the world's largest market for the product. A spokeswoman for France's Danone told AFP on Thursday that its Dumex subsidiary would reduce baby formula prices in China, adding details would be announced later.