date:Dec 17, 2013
- and 80 percent of that from one company. That's just not a healthy position to be in, said William Baker, a Beijing-based investment professional who focuses on the Chinese dairy industry.
China's appetite for foreign milk powder has soared in recent years, spurred by distrust in local products since a scandal in 2008 when milk laced with the industrial chemical melamine killed six infants and made thousands more ill. Tighter food safety rules and disease among Chinese cattle have also stymi