Tiny Chinese firm fined $420 million for breaking cosmetics rules

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Tiny Chinese firm fined $420 million for breaking cosmetics rules
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BEIJING : A small trading company in southwest China was fined $420 million for violating rules on cosmetics sales, in one of the harshest penalties given in a nationwide crackdown on unlawful sales of cosmetic products. Chongqing-based trading firm Dezhao was fined 2.9 billion yuan by the city's market r

BEIJING : A small trading company in southwest China was fined $420 million for violating rules on cosmetics sales, in one of the harshest penalties given in a nationwide crackdown on unlawful sales of cosmetic products.

The fine was 2,900 times the company's registered capital of 1 million yuan, according to Chinese company information data provider Tianyancha. That year, China also unleashed a campaign to regulate advertisements for cosmetic surgery deemed excessive or to make false claims.

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