An increasing number of Chinese parents is looking for safe and natural products for their children, consequently, organic infant formula is still the most popular premium infant formula product in China. Companies like Switzerland’s Nestlé and Germany’s Hibb are now experiencing resurgent sales for it and also try out new growth channels, such as e-commerce platforms.
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Renminbi Hub in Switzerland has 13 partner banks
In 2016, the China Construction Bank (CBC) established the Renminbi Hub in Switzerland and since then, is developing cross-border business with the currency in...