date:Jun 19, 2013
ced in Beijing on Tuesday.
Of the 127 licensed dairy businesses that produce baby formula products, 25 to 35 percent will be cut. They are not necessarily unqualified, but the country needs more powerful alliances, Zhuang Pei, deputy director of the metropolitan industry division of the Shanghai Municipal Commission of Economy and Information, said on Tuesday.
Only 30 of the licensed producers are active in the market and have a stable sales volume, he added.
Industry insiders said small-scal