Evergrande offers parents added food for thought

Evergrande Group, the Guangzhou-based real estate developer, plans to build a dairy manufacturing operation in China after introducing a new brand of imported infant formula milk powder on Monday.

The brand launch comes after Evergrande bought a majority share in Cowala Dairy Ltd, a leading New Zealand dairy product manufacturer last month.

Cowala has become one of China's leading foreign dairy brands since the country announced new measures to streamline imported infant formula products in May.