date:Sep 25, 2013
China is a magnet for foreign milk formula makers, with its $12.4 billion market expected to double by 2017. Foreign firms are under scrutiny, however, after reports alleged companies had bribed medical staff to recommend their products to new mothers.
Authorities have also fined a group of mostly foreign milk formula producers $110 million for price fixing.
New Zealand's Fonterra Co-operative Group FCGHA.NZ, owned by some 10,500 farmers, supplies 90 percent of China's milk powder imports by s