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China milk powder firms court foreign cachet for domestic gains
date:May 23, 2013
g. Food safety concerns have so far played in favour of global firms like Nestle SA, Danone SA, Abbott Laboratories and Mead Johnson Nutrition Co..

Local companies are now fighting back by espousing foreign safety standards - Bright Dairy and Food Ltd, for example, sources the raw materials for its Pure Canterbury brand from New Zealand, while China Mengniu Dairy Co Ltd this week struck a deal with Danone.

I wouldn't underestimate the power of Chinese brands to go upmarket and gain the trust o

12/22 11:54