Sharone Tobias and Will Piekos look at the top stories in Asia this week.
1. China fines milk formula companies. The Chinese government has fined six milk formula companies a total of $110 million for anti-competitive behavior and price fixing, the largest fine the Chinese government has ever instituted for violations of antitrust laws. Five of the companies are foreign, hailing from France, New Zealand, the Netherlands, and the United States, and one company is based in Hong Kong. Read more »