Word: milked
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Dates: during 2000-2009
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Before China's dairy industry imploded in a swirl of tainted products, milk was a cash cow. Investors flocked to buy stock from leading dairies Mengniu, Yili and Bright as a way to tap into the growing purchasing power of Chinese consumers and the country's rising dairy exports, which totaled $232 million last year. In rural China, poor farmers scrimped to buy cattle to boost their incomes, becoming part of the food chain serving the Chinese middle class's new taste for milk, butter and cheese...
...China Milk Recall: How It Happened A manufacturer at the center of China's latest food scandal knew its milk was making babies sick months before the company went public, according to a recent report on state television...
JUNE 2008 Sanlu finds melamine in its milk; the Chinese government is first informed of problems at the company...
SEPT. 16 Melamine is found in products from 22 powdered-milk companies, including Sanlu. Sanlu's general manager is fired...
SEPT. 23 Bans on Chinese milk products, including candy and ice cream, spread across Asia and Africa...