China’s baby-formula revamp may trigger boom for international brands

January 05, 2018 12:26 PM

SHANGHAI (BLOOMBERG) – A safety overhaul of China’s notorious baby-formula industry removed about 1,400 products from store shelves this week, clearing the way for international brands such as Nestle and Danone to grab greater shares of a US$20 billion (S$26 billion) market.

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