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China's falling birth rate and sluggish economic recovery are expected to cause a double-digit decline in the country's infant formula market this financial year, New Zealand’s a2 Milk Co. said Monday.
Its shares rose about 4% in pre-market trading in New York
(Bloomberg) -- China’s falling birth rate and sluggish economic recovery are expected to cause a double-digit decline in the country’s infant formula market this financial year, a2 Milk Co. said Monday.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundAlas, Trump Is Still Eligibl
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China Tech is coming back from a dismal 2022.