date:Jul 04, 2013
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 THE integration of the milk powder industry was expected to involve 10 large companies with revenues exceeding 2 billion yuan in two years, according to the China Daily.
They have to boost local consumption before they can proceed with the consolidation more smoothly, said one