date:Nov 27, 2013
ated the government's resolve to clean up the Chinese dairy industry's reputation, avoid more food safety lapses at smaller players and fend off competition from foreign companies, who now account for more than 60% of the market compared with less than 30% before the 2008 scandal.
Although the dynamics of the milk powder segment are slightly different from the broader dairy sector, the recent consolidation in the infant formula milk powder sector highlights the government's broader plan to enha