date:Jul 04, 2013
rategist at First Shanghai Securities.
Foreign brands may also soon have to rely on their Chinese partners if they want greater access to the Chinese market.
The Chinese government has expressed an interest in bringing the supply chain under the control of Chinese firms as part of its goal of reducing the number of local infant formula producers to 10 from more than 200 within two years.
The Ministry of Industry and Information Technology said in June that integration of the milk powder indus