IPO Watch:

NZ milk scare dents China belief in foreign brands

Associated Press
NZ milk scare dents China belief in foreign brands

Customers ask a worker about some powdered milk products at a supermarket in Shanghai, China Tuesday, Aug. 6, 2013. A botulism scare has prompted China and Russia to stop importing some New Zealand dairy products, New Zealand officials said Monday, denting the country's reputation as a supplier of safe, high quality food. The official Xinhua News Agency said Hangzhou Wahaha Health Food Co. Ltd., Hangzhou Wahaha Import & Export Co. Ltd., Shanghai Tangjiu (Group) Co. Ltd. and Shanghai-based Dumex Baby Food Co. Ltd. on Sunday began recalling and sealing products with allegedly contaminated whey protein from New Zealand. (AP Photo)

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