Herbalife Nutrition sees huge potential in nation

Under the new dual-circulation development pattern, China's health market is providing huge business potential for foreign companies, with increasing demand from consumers of different age groups, and that in smaller cities and rural areas, said a senior executive of US-based nutrition company Herbalife Nutrition.

"Amid China's pursuit of the new development pattern, domestic market expansion is the basis for the domestic circulation. And there are many factors pushing up the growth of domestic demand such as growth in people's incomes and consumption upgrades," said Woody Guo, senior vice-president of Herbalife Nutrition and president of Herbalife Nutrition China.

"That promises huge market demand from not only different age groups in China, but also lower-tier cities and rural regions."