date:Jul 31, 2015
e in the evolution of the countrys industry may well see China develop into the home of the newest ranks of dairy multinationals.
The bank noted huge inflows of inbound investment by foreign companies into Chinas dairy sector.
The lender highlighted as a cautionary tale the fate of Japanese groups, which had failed to respond to a slowing domestic market by expanding abroad.
Meiji this year stood at 17th in the league, compared with 10th two years ago, while Morinaga had fallen from 13th plac