China cries over poisoned milk
The contaminated milk scandal may force China's food and beverage sector to clean up its act and could become a trigger for M&A activity.
Little over a month ago, melamine was known as the material used to make unbreakable plates and as an industrial additive. But since then it has gained considerable fame as a chemical which, when added to milk, boosts its protein level at the cost of damaging the consumerÆs kidneys. China's dairy farmers, eager to boost their milk sales, have been watering down their milk and then lacing it with melamine so that tests show the same protein content as unwatered...
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