date:Oct 13, 2012
in New Zealand. But a local court blocked the attempt due to concerns that Pengxin had exaggerated the benefits it would bring to the local farms.
The backlash against China's massive purchase of dairy estates overseas has raised questions as to whether this is a sustainable investment method.
Industry analysts said that Chinese dairy companies could face similar difficulties in Europe when they make investments and acquisitions as the European companies often prefer job-creating and sustaina