China is the world’s biggest market for infant formula products, with more than a third exported from countries such as New Zealand and Australia. Photo: AFP

Widening loss forecast at China partner Beingmate leaves dairy giant Fonterra ‘extremely disappointed’

Shares in Zhejiang-based Beingmate plunge by 10pc as Chinese dairy producer says losses could mount to 1 billion yuan

Topic |   Food and Drinks

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China is the world’s biggest market for infant formula products, with more than a third exported from countries such as New Zealand and Australia. Photo: AFP
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Jane Li

Jane Li

Jane Li is a reporter covering China’s economy and social trends. She graduated from the University of Hong Kong with a master's degree in journalism. Prior to SCMP, she worked for Bloomberg Businessweek and her stories have featured in MSNBC, Quartz and the Financial Times’ Chinese site.