Competition from foreign companies poses intensifying competition for China’s dairy industry, especially its infant formula market, as new regulations aim to streamline dairy imports.
According to reports, new rules, which took effect May 1, allow foreign dairy companies to import products that meet quality standards when approved by regulators. Reports say more than 1,000 foreign dairy producers have received such approval, including firms from Ireland, New Zealand and Singapore.
But experts reportedly predict about half of the smaller foreign dairy firms will not gain entry into the Chinese market. Still, reports say, major international companies, including Mead Johnson and Danone, will pose new competition to the domestic market.
Only months ago, China earned some criticism over its crackdown on alleged infant formula price-fixing, as some opponents claimed regulators were unfairly targeting foreign dairy producers.
Full content: English.news.cn
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Regulators Set to Clear Microsoft’s $13B OpenAI Investment
Apr 17, 2024 by
CPI
Biden Pledges to Block US Steel Acquisition by Japanese Firm
Apr 17, 2024 by
CPI
Canada Targets Tech Titans with New Digital Tax in 2024
Apr 17, 2024 by
CPI
EU Privacy Watchdog Calls for Meta to Offer Ad-Free Option
Apr 17, 2024 by
CPI
Japan’s Antitrust Overhaul Targets Tech Titans Like Apple
Apr 17, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – China Edition – Year of the Dragon
Apr 16, 2024 by
CPI
Review Logic and Rules for Concentrations of Undertakings that Do Not Meet the Standard of Notification
Apr 16, 2024 by
CPI
China’s Review of Semiconductor Transactions
Apr 16, 2024 by
CPI
Key Challenges and Tips for Merger Control Filing in China for Listed Companies
Apr 16, 2024 by
CPI
Key Point Review: China SPC Antitrust Judgments in 2023
Apr 16, 2024 by
CPI