--FILE--un cliente acquista una bottiglia di Firmus Astro Baby latte in polvere di Feihe International Inc presso un supermercato in Xuchang, central Chinas Henan provinc
--FILE--A customer buys a bottle of Firmus Astro Baby milk powder of Feihe International Inc at a supermarket in Xuchang, central Chinas Henan province, 25 August 2013. 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 ($4.90 billion) 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 (21 September 2013) edition, citing an unidentified source. Authorities have said they want to consolidate the domestic milk powder sector to increase the ability of companies to compete with international rivals who dominate the lucrative premium end of Chinas $12.4 billion infant formula market. Officials at Yili, Mengniu and Feihe were not immediately available for comment. Chinese milk powder firms would gain the support in the form of government subsidies, funds from China Development Bank and favorable tax policies, the China Business Journal said. The total amount would be about 30 billion yuan, it said.
