date:Sep 15, 2012
Swiss food company Nestl expects its sales in China to rise by 20% in 2012 due to increasing wages and the governments policy to promote local consumption.
Greater China Chairman Roland Decorvet was quoted by Bloomberg as saying that the company has witnessed a growth in most of the businesses in China - including dairy products and coffee.
Nestl's China sales increased by more than 20% in 2011 and will rise by a double-digit percentage in 2013, he added.
Nestl noted that it can tap into the