How do you say "They're grrrrreat!" in Chinese?
Kellogg, maker of Frosted Flakes, Pop-Tarts and Eggo waffles, among numerous other not-so-great-for-you snacks and breakfast foods, has formed a joint venture to sell its stuff in China as early as next year.
The company now makes most of its money in North America, where, coincidentally, an obesity epidemic is spreading among kids and adults. But Kellogg has determined that the real action going forward is in the developing world, where diets are still largely traditional and thus are relatively low in sugar and sodium.
Kellogg says China is expected to be the largest food and beverage market within the next five years. Although cereal isn't exactly a staple of Chinese households, the company says consumption is rising as milk becomes a more common part of the diet.