Devil in the detail as state support boosts China’s GDP

New edition of Dairy Products China News featuring: GDP growth drivers, dairy consumption trends and ‘buoyant’ raw milk prices in 2021

While GDP figures for any economy are very much ‘broad brush indicators’, the devil remains in the detail, writes Richard Field in this month’s edition of Dairy Products China News. 

“This topline resilience is debt-fuelled and biased to the supply side of the economy which has had plenty of state support,” he notes. 

So, despite ‘structural headwinds’ highlighted by economists, the IMF is projecting growth of 7.9% this year. 

Exclusive Chinese dairy market analysis in this issue:

  • Dairy consumption trends for 2020 from the China Economic Research Institute highlighting the importance e-commerce and new retail modes.
  • News on lowered tariffs for dairy imports, with 50% declines on particular IF ingredients and special infant formula.
  • We talk IMAS and standards or Raw Donkey Milk and Donkey Milk Powder.
  • New Hope Dairy’s acquisition plans for ‘A yoghurt Cow’.
  • A breakdown of Tianrun Dairy’s new investments in subsidiary Tianrun Tangwangcheng, as it moves to add capacity to its dairying project.
  • Hokkai Pastures moves into production as it bids to produce 9m cups of yoghurt per year.
  • Beingmate predictions for a turnaround in 2020 net profits.
  • 2020 and a ‘boom year’ for dairying in China.

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