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SHANGHAI'S quality watchdog yesterday said it will punish Bright Dairy after the company was found to have been putting a banned additive into a cheese product for babies for years.

"The Shanghai Bureau of Quality and Technical Supervision will impose a penalty on Bright Dairy based on the law for its changing the formula of products without authorization," Yang Jun, spokeswoman of the Shangha
ABOUT 40 percent of used oil produced by local eateries failed to flow into official channels for swill oil collection and reuse, leaving loopholes for illegal gutter oil businesses, local industry leaders said.

They spoke yesterday while at a conference on environmental technology on swill oil processing.

Shanghai's 50,000 eateries produce about 40,000 tons of swill oil every year, while t
Nestle SA, the world's largest food company, said China sales will probably grow about 20 percent this year because of rising wages and government efforts to boost local consumption.

The slowing growth of Asia's biggest economy hasn't affected the local operations of the Vevey, Switzerland-based company, which has seen expansion in most of its businesses, including dairy products and coffee, R
Inter Ikea Center Group, one of Europe's leading shopping center developers, is working on an investment plan for its next round of expansion in China.

The plan, estimated to cost no less than what IICG has spent on its first five-year project in China from 2009 to 2013, is expected to be released in six to eight months, said the company's Managing Director John Tegner.

The company has inje
THE International Sourcing Park that is being built in Putuo District in Shanghai will become a hub for global trading companies, the Shanghai Commission of Commerce said yesterday.

Covering 38,365 square meters, the park will boast a main exhibition center, two business buildings and some underground facilities that global traders will be able make use for their sourcing needs.

"It is an i
CHINA'S growing economic reach in the South Pacific took another step yesterday when home appliance giant Haier indicated it would make a full takeover offer for smaller New Zealand competitor Fisher & Paykel Appliances.

Haier already owns 20 percent of Fisher & Paykel, which also makes home appliances, including stoves, refrigerators, washing machines and dishwashers. The 78-year-old New Zeal
CHINA yesterday called on the European Union to halt trade protectionism after the opening of an anti-dumping investigation into Chinese solar products.

The EU investigation, which stems from a complaint by a European industry group that Chinese equipment is entering Europe at below market value, could trigger a trade war and affect the development of the world's solar industry, it was claimed
CHINA'S heavy machinery, forage and auto industries have nurtured the top three largest family businesses listed on the mainland's stock exchanges, a Forbes list said yesterday.

The Liang Wengen family, founders of Sany Group, the Li Yonghao family, which owns the New Hope Liuhe Co, and Wang Chuanfu, head of BYD, partly owned by Warren Buffet, ranked as the three largest listed family business




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