Johnson & Johnson, Bausch & Lomb Inc and other major producers have been fined more than 19 million yuan ($3.04 million) for fixing prices in China's eye glass and contact lens market, China's top economic regulator said on Thursday. The companies mandated their dealers to set the price of lenses strictly in accordance to a "suggested level", the National Development and Reform Commission (NDRC) said in a statement on its website. They also ordered retailers to jointly launch promotions in major Chinese cities all year around to keep prices stable, the notice said.
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