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China milk powder firms court foreign cachet for domestic gains
date:May 23, 2013
The 2008 incident, which involved melamine-tainted milk powder, soured China's $12.5 billion infant formula market for local firms and helped multinationals with established safety records to nearly double their market share in the past five years. Foreign brands now account for about half of total sales.

Armed with global partners and slick marketing, Chinese firms such as Yashili, Biostime International Holdings and Zhejiang Beingmate Scientific Technology Industry and Trade Co Ltd now want t

12/22 08:18