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June 5, 2008

CHINA: Beijing tightens dairy investment rules

China has introduced tougher guidelines to restrict investment in the country's milk sector.

China has introduced tougher guidelines to restrict investment in the country’s milk sector.

New investors must have net assets of at least twice the capital required for a project and total assets must be three times the amount of funding required.

Investors must also have access to a stable milk supply, China’s state-planning authority, the National Development and Reform Commission (NDRC), said.

The government agency said that it hopes to control investments in the sector and encourage consolidation.

China, the world’s third-largest milk producer, has targeted milk production of 23.5m tonnes by 2010 and 28m tonnes by 2012.

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