date:Apr 09, 2013
According to the Financial Times, Chinese buyers have been buying up cans of formula across the globe following the food safety scandals in the domestic market, starting with the melamine-spiked milk of 2008 that killed six babies and left 300,000 sick.
Such is demand for overseas-manufactured formula that it has prompted a wave of smuggling rings and extortionate prices: cans are available online for Rmb150-Rmb200 ($24-$32).
Production of formula is also under pressure, as a drought in New Ze