Coronavirus outbreak: Beijing drug store fined $434,530 for mask price hike

Topics Coronavirus | Beijing | China

A drug store in Beijing will be fined 3 million yuan ($434,530) for hiking the price of face masks by almost six times the online price amid the coronavirus outbreak, the Beijing municipal market regulator said on Wednesday.

The regulator has issued a notice of administrative penalty to Beijing Jimin Kangtai Pharmacy for sharply raising the price of N95 masks, it said in a statement on its website. Jimin Kangtai raised the price of 3M brand masks to 850 yuan per box, while the price of the same type of masks sold online was 143.....

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