date:Sep 23, 2013
As well as Yili and Mengniu, the first group of firms to benefit would include Feihe International Inc (ADY.BE), Heilongjiang Wondersun Dairy Co Ltd and Treasure of Plateau, the official China Business Journal said in its Saturday edition, citing an unidentified source.
Authorities have said they want to consolidate the domestic milk powder sector to increase the ability of companies to compete with international rivals who dominate the lucrative premium end of China's $12.4 billion infant form