The a2 Milk Co Ltd

ATM: XNZE (NZL)

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A2 Milk: Sluggish Chinese Birth Numbers a Headwind

Angus Hewitt

Jun 27, 2025

Births in China collapsed in the aftermath of the covid-19 pandemic. The latest data from the Bureau of Statistics of China shows calendar 2024 births in China rose about 6% to 9.5 million, well below about 15 million births in 2019, reducing the size of A2 Milk's target market.

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The a2 Milk Co Ltd

A2 Milk: Sluggish Chinese Birth Numbers a Headwind

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