Japan-based Meiji Co. has announced it will stop selling four different kinds of baby formula in China stating that the cost of importing milk from Australia has risen steadily year on year affecting the company’s income. Market analysts say that Meiji’s sales in China dropped by as much as 90%after the 2011 earthquake and tsunami in Northern Japan as Chinese mothers raise concerns over the safety of Japanese milk powder after the nuclear leak at the Fukushima power plant.
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