Mengniu grows in B&R markets

Dairy firm offers products that suit local preferences, sees opportunities everywhere

China Mengniu Dairy Co Ltd, one of the country's biggest dairy producers by revenue, plans to launch more products to suit local preferences in Canada and Indonesia this year, its top executive said.

Such business expansion opportunities are arising from China's growing trade with countries and regions participating in the Belt and Road Initiative over the past four years, especially in fast-growing markets such as India and Southeast Asia.