China’s National Development and Reform Commission is kicking and screaming over Walmart‘s “deceptive prices”.
According to the agency, the mega-retailer is either inflating the original price or overcharging consumers on discounted goods.
For example, a box of Nescafe coffee at a Nanning City location was marked down from $6.67 to $5.44, but come checkout time they charged $5.66.
The NDRC says they plan to “severely deal” with Walmart and may charge a fine of $76,000 for violating China’s price laws.
Yeah, that’ll show that multi-billion dollar company who’s boss!
[Image via AP Images.]
Jan 27, 2011 13:00pm PDT
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