Would be good to see what percentage of Chinese buy imported and what percentage buy local. Surely the market for locally produced IF is still huge as not everyone can afford to spend upwards of $50-60 for a can of imported IF. This would be very attractive to low tier households who still want trusted brand at lower price point. Also with ongoing trade tensions it'll be good to have manufacturing in both countries.
Ann: MOU to Manufacture SAMR Infant Formula in China, page-102
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| BUB (ASX) Chart |