Yes. And the next you might expect is to see the Chinese demand their recipes / formulas and manufacturing techniques so they can copy them out of the 31% as well as export markets worldwide. That is the conundrum of doing business in and dependency on China. One nasty business environment. Just like what happened to Cisco, Cooper Tire, Qualcomm and many others in China. Why these companies don't set up in democratic countries like India is beyond me. I guess it is because the executives are enamored by China and get stuck in the quagmire.
I read 31 percent of MJN sales are in China.
If this is correct, MJN may have more problems than thus far recognized considering new currency exchange rate pressures (and greater determination on the part of China to reduce dependency on non Chinese sources.
"Mead Johnson Nutrition CO (NYSE: MJN) (31 percent of sales from China) lowered its 2015 guidance in July due to competitive pricing pressures in China."
--Benzinga(Mon, Aug 10)
Any chance for a higher dividend? This is my problem with this stock that I have been holding for 2 years now. I am about to exit. because it seems that the company is going to chnage its dividend policy.