China’s Buying Up Australia’s Supply of Baby Formula

By Alex Janin, www.takepart.com
March 1, 2016 Updated: March 1, 2016

After more than a decade of sometimes deadly food-safety scandals and demand for healthy and organic products rising, Chinese consumers are turning away from domestic brands—and Australian companies, whose proximity to China allows them to ship products quickly, are benefiting in a big way.

Given China’s swelling middle class and the now-obsolete one-child policy, consumers are often willing to shell out more cash to buy into this kind of lifestyle, according to Agence France-Presse.

On the demand side, Australia-based grocery stores that ship to China, such as Coles and Woolworths, are struggling to keep up with the skyrocketing demand from Chinese consumers. Both chains are placing limits on how much of each product a customer can buy.

This article was originally published on www.takepart.com, Mar 1, 2016. Read the complete article here.

 

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