China's 2023 birth rate is good news for a2 Milk

(Image: Getty)

Mon, 22 Jan 2024

Fewer babies were born in China last year, but the number was better than expected – which bodes well for a2 Milk.Data from the Chinese government showed the number of births in 2023 decreased 5.6% to 9.02 million, but was better than the estimated 8 million, said Craigs Investment Partners research analysts Stephen Ridgewell and Ryan Li. The number of births was 17.86 million in 2016. “The smaller-than-expected decline provides us with some optimism that the birth rate – and China's infant formula mar...

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