Fonterra, like many New Zealand companies, has benefited from the "fundamental positive relationship" between New Zealand and China, and "innovation becomes an important part of our strategy to continue to grow in China," Teh-han Chow, Greater China CEO of the dairy giant, told Xinhua.

"China is the largest and the most important market for Fonterra," Chow said, adding that there is "a great opportunity for us to serve China even more."

Produced by Xinhua Global Service