Chinese Tariffs on EU Dairy to Help 'Bleeding' Domestic Industry, Send Message Abroad

China's farmers are up to their ears in milk and Beijing's decision to apply tariffs on dairy imports from the European Union is expected to give themem a measure of protection as they branch out into higher-margin products like cream and butter.

"The country's milk oversupply plays a significant role in the government's decision to impose tariffs... the whole Chinese dairy industry has been losing profits in the last four years, the industry has been bleeding," said Yifan Li, head of...

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