China WalMart store fined

Beijing - A WalMart store in China has been fined 100,000 yuan (about $15,800) for a discount hoax, an official said Tuesday.

"When the promotion price is higher than the lowest price of the period of seven days before the campaign, it is a price fraud," Zhang Jianmin, vice head of the Hubei provincial bureau of commodity price, said.

A WalMart store in Wuhan city's Xudong Avenue had sold a Blue Moon liquid soap at a "self-claimed discount price in May", Xinhua reported.

The US retail giant has 370 stores in 140 cities across China.