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Why Is China's Baby Care Industry Booming?

China's "one-child" policy has repressed and stabilized the number of births, but the market for baby products has exploded. The growth is driven by rising incomes and the intense focus on the single child with interesting twists. For instance, baby formula sales have gone way up because people are now spending more money on foreign formula products because they no longer trust Chinese companies after the melamine poisoning of several years ago.