SHANGHAI: Chinese milk powder makers, including Inner Mongolia Yili Industrial Group Co Ltd and China Mengniu Dairy Co Ltd, are set to get 30 billion yuan (US$4.9bil) in official funds to support sector consolidation, media said.
As well as Yili and Mengniu, the first group of firms to benefit would include Feihe International Inc, Heilongjiang Wondersun Dairy Co Ltd and Treasure of Plateau, the official China Business Journal said in its Saturday edition, citing an unidentified source.
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