date:Sep 25, 2013
eeks to consolidate its domestic dairy industry to improve food safety.
Fonterra was among the foreign dairy manufacturers fined last month for fixing the price of infant milk formula - which is highly prized among Chinese who don't trust locally made formula after a series of food safety scandals.
The 2008 scandal, in particular, shredded public confidence in Chinese dairy companies, opening the door to foreign formula firms, which have now grabbed about half of the total market and can sell