Critical impact of latest quality issues and China dairy market economic overview: Comparative analysis

Abstract

Although general Chinese economy now is growing fast and takes leading positions in the world, its dairy industry comes across several difficulties. It sustained a number of losses after a series of well-known incidents involving food safety. It is certain that paramount mission of the current market conditions requires extensive studies of critical impact caused. The situation with different dairy products varies, and that’s why the author describes in details the milk, cheese, and yoghurt markets. Also it is compared to the markets of Western Europe, Russia, India, New Zealand, Australia, America and Canada. This work attempts to analyze contemporary market situation in a retrospective contemplation of the corresponding dynamics and course of economic and public events, including basic trends, business analytics and adjacent studies in an endeavor to discover and situate a better economic mechanism for the given field. The most considerable result is development of economic and business recommendation that are bound to improve the problematic situation.