pull down to refresh
54 sats \ 9 replies \ @Satosora 21 Aug \ on: China Escalates Trade Tensions with EU over Dairy Imports news
What is the point over squabbling over the small stuff?
The reason why people in china dont want to buy chinese milk is because its so bad.
They had a baby milk scandal before, so everyone was buying from importers.
While many in the West have forgotten, the Chinese remember The Opium Wars.
reply
reply
reply
It was from a Chinese milk conglomerate Sanlu with which NZs largest dairy coop Fonterra had entered a joint venture investing millions to get into the Chinese market.
After the scandal Sanlu (and Fonterras investment) were worthless.
https://en.wikipedia.org/wiki/2008_Chinese_milk_scandal
Naturally the bricks and mortar of the Sanlu operation was restarted under some new branding and the NZ dairy giants investment disappeared into the complex labyrinth of Chinas reverse engineering of Western Production Processes.
The EU car industry is threatened by cheap Chinese cars flooding the market because China's domestic car market has stalled
This announcement and investigation is the Chinese response to the EU doing basically the same thing a few weeks ago