date:Sep 10, 2013
of 23 kilograms is less than half of its Asian neighbours, according to Macquarie.
What has held back demand and the industry's growth was public food concern first sparked by a milk scandal in 2008. For investors, Huishan Dairy, based in northeast China, is a draw as it controls several steps in the production chain - from grass planting to dairy processing and developing - giving it more control over quality.
For Huishan, the vertically integrated business model is attractive, said Anson Cha