The country's fertility rate plummeted since the introduction of the one-child policy in 1980.
The retail sales revenue of the baby formula products in China was growing steadily, reaching 165 billion yuan in 2017. China announced to implement a two-child policy in 2016 to address its low birthrate. Retail sales value of the baby formula industry in China from 2013 to 2017
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AskCI Consulting. (July 24, 2018). Retail sales value of the baby formula industry in China from 2013 to 2017 [Graph]. In Statista. Retrieved April 16, 2021, from https://www.statista.com/statistics/1035619/china-infant-formula-retail-sales-value/
AskCI Consulting. "Retail sales value of the baby formula industry in China from 2013 to 2017." Chart. July 24, 2018. Statista. Accessed April 16, 2021. https://www.statista.com/statistics/1035619/china-infant-formula-retail-sales-value/
AskCI Consulting. (2018). Retail sales value of the baby formula industry in China from 2013 to 2017. Statista. Statista Inc.. Accessed: April 16, 2021. https://www.statista.com/statistics/1035619/china-infant-formula-retail-sales-value/
AskCI Consulting. "Retail Sales Value of The Baby Formula Industry in China from 2013 to 2017." Statista, Statista Inc., 24 Jul 2018, https://www.statista.com/statistics/1035619/china-infant-formula-retail-sales-value/
AskCI Consulting, Retail sales value of the baby formula industry in China from 2013 to 2017 Statista, https://www.statista.com/statistics/1035619/china-infant-formula-retail-sales-value/ (last visited April 16, 2021)