date:Sep 24, 2013
al firms and boosted the market share of international brands, who now account for close to 80 percent of the infant formula market in China's major cites such as Beijing and Shanghai, and around 50 percent in second-tier cites, according to data from Rabobank.
The escalation of the corruption allegations in Chinese media and the pressure over pricing is a potential warning sign that China's resolve to nurture home-grown milk powder producers is hardening, some analysts said.
(The government)