date:Jul 19, 2013
now less than 50 percent, will become larger. Jian says.
It is not just the safety issue that is a challenge for domestic companies. Growing incomes in China and its expanding middle class may also strengthen customers' preference for foreign brands, says Mei Xinyu, a senior researcher with the Ministry of Commerce. With China's per capita income rising, China's middle class consumers are simply following the global consumption trend by preferring better, safer infant formulas.
The government