Financial Times FT.com

China's dairies milk the local advantages

By Richard McGregor in Beijing

Published: January 15 2008 02:00 | Last updated: January 15 2008 02:00

When Pan Gang, the chief executive of one of China's largest dairy companies, attended a top-level meeting of the Communist party in Beijing in October, he complained about the growing role of foreigners in the industry.

"Many of the foreign firms are only looking for short-term gain when they come here - they just take away the milk," he says.

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