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China milk powder firms court foreign cachet for domestic gains
date:May 23, 2013
le class currently stands at around 300 million people or over one-fifth of the 1.3 billion population, a proportion which could rise to over a half by 2030, consultants KPMG said in a recent report.

At supermarkets in big cities like Shanghai, a 900 gram tin of infant formula made by an international firm costs between 175 yuan ($29) and 275 yuan ($45), compared to about 100 yuan ($16) for domestic milk powder in lower-tier cities in China.

To distinguish themselves from the local crowd, milk

12/22 15:37