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.
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.
