Danone Gains as China Outlook Boosted by End to One-Child Policy
Danone rose as much as three per cent in Paris and Nestle also gained after China said it will lift its one-child policy, boosting the outlook for sales of infant nutrition.
Danone gained as much as €1.92 to €65.16 euros in Paris, while Nestle added as much as 0.7 per cent to 76.25 Swiss francs in Zurich.
Danone, Nestle and US-based Mead Johnson Nutrition are among the biggest players in China’s $19 billion baby-formula market, which represents about a third of the industry globally.
A committee of China’s ruling Communist Party approved plans to allow all couples in China to have two children, the official Xinhua News Agency said Thursday at the end of a four-day party gathering in Beijing.
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