2009-8月奶制品行业新闻通讯汇总Dairy_Products_China_News_August_2009.pdfVIP

Guaranteed Exclusive Analysis Vol. 2 Issue 8 August 2009 Welcome to the August issue of Dairy Products China News. As the world continues to search for economic recovery the latest signals from the Chinese economy have been gratefully received, with production, retail sales and shares prospering even though the trade levels continue to disappoint. Industrial production grew by 10.8% year-on-year, making July the third consecutive month to record year-on-year growth, and 7.5% for 2009 to date. Total retail sales in July 2009 rose 15.2% against July 2008 to RMB993.7 billion, with rural sales up 15.4%, urban sales up 15.1%. There are also some promising signs from the local dairy industry. Yili has announced its fi rst plant investment since the melamine controversy – this has been quite a break for such a serial investor in stainless steel. Mengniu has sold a stake to COFCO – an interesting step, a pioneering commercial business bringing in government investment and perhaps gaining something in common with its key competitors as a result. The proliferation of plant expansions and the focus on