date:Sep 24, 2013
p Co Ltd and China Mengniu Dairy Co Ltd are set to get 30 billion yuan ($4.9 billion) in official funds to support sector consolidation, recent Chinese media reports said.
Hospitals were an important sales channel for milk powder makers because doctors could have a significant impact on which milk powder brand mothers ultimately buy, said Chen.
China accounted for a fifth of the total revenue for Danone's baby-nutrition division in 2012. Danone had a 9.2 percent share by retail value of China'