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FRENCH food and beverage group Danone will invest 2.6 billion yuan (US$417 million) in two deals to strengthen its presence in China and tap the huge market potential.
Prominent Achiever Ltd, 51 percent owned by China's state-owned agricultural and food company COFCO and 49 percent by Danone, will acquire 8.3 percent in China's largest dairy producer Mengniu Dairy Co from COFCO, according to a
Breeders, sellers and suppliers face tough times
Losses of poultry-related enterprises nationwide have exceeded 10 billion yuan ($1.6 billion) since the first case of H7N9 bird flu was discovered, according to the National Poultry Industry Association.
With all live poultry stands shut down in regions with H7N9 cases since early this month, poultry breeders, suppliers and sellers are facing
Retailers in China have withdrawn a foreign brand of infant milk formula from shelves following a media scare over its safety.
The Chinese partner of Hero Group, a major Swiss baby formula manufacturer, has been accused of deliberately mislabeling milk powder, and a senior employee has been detained, officials said.
Authorities in Suzhou, where the partner company Xile Lier is based, said t
Call for chinese govt to help firms expand business, investment and reputation overseas
China should introduce legislation to help overseas investment by Chinese companies, as an increasing number extend their global footprint, a national legislator has said.
Nurturing domestic multinational corporations should be a "national strategy", and the government should provide a one-stop service t
CHINESE consumers continue to make a significant contribution to the wealth of the world's top luxury tycoons, according to a Hurun Research Institute report released yesterday.
The average wealth of the people on the Hurun Luxury Tycoon Rich List is double that of Hurun's global rich list, with the combined assets of the 33 wealthiest people in the luxury industry totalling US$289 billion, Hu
Villagers on the northern outskirts of Beijing prosper by swapping fruit trees for colored silk
The small village of Hongmiao in the Huairou district on the northern outskirts of Beijing is known as the "Lantern Village", as it is famous for making traditional Chinese lanterns. Farmers in the village, many of them women, were hard at work making red lanterns in the run-up to Spring Festival.
EXCESSIVE microbes, additives and pesticide residues were blamed for more than 99 percent of food contamination cases last year, the city's food safety watchdog said yesterday.
About 97 percent of food products such as cakes, salad, cooked food and bean products that failed quality checks had excessive microbes, the Shanghai Food Safety Office said.
Excessive microbes are caused by poor hyg
It isreported that fast fashion giant ZARA will be opening discount stores in China to digest inventory as Italian brand agent Mario Company said that Inditex, parent company of Zara has authorized it to open discount stores in China.
However, Inditex and Zara (China) haven’t confirmed this news and have emphasized that their outlets in China are all regular chain stores without any franchisi
FRENCH food and beverage group Danone will invest 2.6 billion yuan (US$417 million) in two deals to strengthen its presence in China and tap the huge market potential.
Breeders, sellers and suppliers face tough times
Retailers in China have withdrawn a foreign brand of infant milk formula from shelves following a media scare over its safety.
Call for chinese govt to help firms expand business, investment and reputation overseas
CHINESE consumers continue to make a significant contribution to the wealth of the world's top luxury tycoons, according to a Hurun Research Institute report released yesterday.
Villagers on the northern outskirts of Beijing prosper by swapping fruit trees for colored silk
EXCESSIVE microbes, additives and pesticide residues were blamed for more than 99 percent of food contamination cases last year, the city's food safety watchdog said yesterday.
It isreported that fast fashion giant ZARA will be opening discount stores in China to digest inventory as Italian brand agent Mario Company said that Inditex, parent company of Zara has authorized it to open discount stores in China.
