Following the 2008 accident, it's hard to rebuild confidence in Chinese infant formulas.
However, new regulation change is aiming to rebuild confidence.
This new regulation change will eliminate 75% of existing infant formulas, this will leave more market share for surviving brands.
The best/boom time for Daigou was about in 2015, this grey market will be gradually decreasing, in my view, as Chinese infant market is coming back in order and tightening Chinese customs rules and supervision.
Following the 2008 accident, it's hard to rebuild confidence in...
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