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Infant-Formula Makers Milk Chinese Consumers’ Wallets

November 16, 2017 |   Christine Lee

As reported by Caixin.

Parents in China spend more on infant formula than anywhere else in the world, a study has found, thanks to lingering fears about cheap domestic products years after the 2008 melamine scandal.

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Families with 2- to 3-month-olds in Hong Kong and on the Chinese mainland spend on average $304 and $286 per month on infant formula, the highest among parents globally, according to a report released by the Changing Markets Foundation, Globalization Monitor and SumOfUs, three groups that monitor large corporations’ practices.

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