date:Mar 05, 2013
tand it is necessary.
Wang Dingmian, former vice-chairman of the Guangdong Dairy Industry Association, said Hong Kong's new regulation will have a limited effect on the mainland market, which has an estimated sales volume of 43 billion yuan.
The sales volume of formula sold in Hong Kong to mainland customers is estimated to be 1 billion yuan, accounting for less than 3 percent of the market share on the mainland, he said.
Wang said price hikes due to reduced supplies under the new regulation