China, with its large population and booming economy, has a big impact on the global economy.
“The rise of the Chinese consumer has provided unprecedented opportunities for enterprising global corporations, and many now look to the country as their biggest growth market for the indefinite future,” says an article in the Financial Times.
For the dairy industry, China continues to be a growth market. Despite setbacks in milk consumption last fall — due to melamine contamination of milk products, including infant formula — China’s milk powder imports have more than doubled since the melamine crisis, the article points out.
China’s government continues to promote the health benefits of dairy products.
Source: Financial Times and Dairy Herd Management