Chinese dairies seek French tie-ups to shore up image
PARIS (AFP) - Companies in China, whose tainted milk powder scandal in 2008 left six dead and more than 300,000 sick, are vaunting tie-ups with French dairies to shore up their image but some fear this could backfire for Paris.
Chinese firm Biostime flaunts its tie-ups with two companies in France, Europe's second largest milk producer after Germany, and one in Denmark as proof that its products are safe.
But experts say the French reputation for quality in food could be at stake if the goods were tampered with once in China, and warn that French dairy farmers could end up financially squeezed by the new investors.
Biostime, based in Guangzhou and listed on the Hong Kong stock exchange, has joint ventures with France's Laiterie de Montaigu and the Isigny Saint-Mere cooperative as well as Danish group Arla.