date:Jul 29, 2014
by low double-digits in the second quarter. It also said its relationship with Tingyi and a research and development centre in Shanghai helped it develop products geared to the local market.
UNDER SIEGE
Even traditional strongholds for foreign brands are under attack in China, including the market for infant milk formula. That market is one of largest and fastest growing, expected to be worth $25 billion by 2017, according to Euromonitor data.
Global companies including Mead Johnson Nutrition