China to Shut One-Third of Infant Formula Producers Amid Product Safety Fears
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China’s government plans to force up to a third of the country’s infant formula producers out of business as it tries to address the crisis of confidence in product quality and safety, local media reported.
China’s 127 licensed baby formula producers will be scrutinized over the next three months and regulators will allow no new entries after Thursday, when the government introduces detailed rules on ensuring safe production, Caijing business magazine reported, citing Wang Liming, minister of industry and information technology.
About 25% to 35% of companies will be ordered closed, the China Daily newspaper said, citing Zhuang Pei, an official with the Shanghai Municipal Commission of Economy and Information. “They are not necessarily unqualified but the country needs more powerful alliances,” Mr. Zhuang said.
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