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Ann: Strategic Review - Presentation, page-59

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    https://mp.weixin.qq.com/s/1Zc7R9wlkiRX0vY9QZiCNg

    (article in Chinese, use google translate to convert page to English)

    Summary, further tightening of registration conditions for infant formula starting 1st October 2023. Registration process and relevant content to be consulted with industry leaders and stakeholders. Clarification of advertising boundaries and restrictions. New policies will be biased towards state owned domestic enterprises and larger more renowned international brands, it will become more and more difficult for small and medium sized brands to survive. DYOR as always.
 
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