Chinese Dairies Face Crisis

Slow Response to Tainted Formula Fans Consumer Fears Shijiazhuang, China -- As China's baby-formula scandal widens, the country's $21 billion dairy industry is reeling. Consumers, wary of domestically produced milk, are flocking to buy foreign formula and other products, and shares of the country's largest dairy companies are plunging. So far, 22 companies -- including Olympics sponsor Inner Mongolia Yili... [read full story]                    

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