date:Jun 17, 2014
rther goal of forming three to five baby-formula heavyweights with annual sales revenue exceeding 5 billion yuan each by 2018. The top 10 domestic industry players are then expected to nab more than 80 percent of the entire market.
To realize such goals, the plan stipulates several policy measures, including strict rules and regulation for industry access and production.
On the other hand, administrative approval process for MA in the sector will be simplified. Authorities will strengthen fisc