Nestle eyes sweet success in Chinese market

Nestle SA, a global food and beverage giant, is optimistic about the recovery and improvement of consumption in China in the second half, eyeing in particular coffee, pet foods and health and wellness products for continuous growth, said its top executive.

Mark Schneider, CEO of Nestle SA, during his visit to attend the China Development Forum, said of the consumption market in China, "We have good reasons for confidence that we will see increasing recovery and improvement again toward the second half."

Compared with the high inflation occurring in the rest of the world, inflation is lower in China, he said. While government policies are in place to stimulate domestic consumption, Schneider said it also usually takes a bit of time, but that it will help domestic consumption.