China's Upgraded Baby Formula Rules to Push Small Players Out
Around one-third of baby formula brands will withdraw from the market because of the new standards, according to industry insiders. The potentially disqualified companies account for 10 percent to 15 percent of the total market, equalling up to CNY24 billion (USD3.5 billion) in sales, based on a research report by Haitong International Securities Group.
https://www.yicaiglobal.com/news/china-upgraded-baby-formula-rules-to-push-small-players-out
China's Upgraded Baby Formula Rules to Push Small Players...
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