That's despite the woes with its investment in infant formula maker Beingmate .
Christina Zhu says Beingmate's well publicised losses are obscuring the bigger picture.
She says Beingmate is only a part of Fonterra's overall China business.
But Zhu says it's still the largest and fastest growing infant formula market in the world - and Fonterra accounts for 35 per cent of China's total dairy imports.
