China encourages baby formula mergers
date:Jun 17, 2014
51 producers failed to obtain renewed production permits or asked to delay applications for renewals.

Meanwhile, stricter regulation is likely to force companies to merge or switch to manufacture other products, while some might be shut down, according to Gao Fu, an official from the Ministry of Industry and Information Technology.

Gao said by the end of 2013, the ten largest infant formula makers in China accounted for 45 percent of the entire market, making the goal to increase the percentag
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