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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
The US and China are to set up a working group on cyber security to co-ordinate joint efforts in safeguarding cyberspace
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
Without their power as a trading nation, China would have even fewer allies than they do today. As it is, the Chinese government has fewer allies than it would hope. North Korea has been a longtime friend and ally to China, especially after the Korean War in the 1950�s. This is one ally that China does not want to lose.
Retailers in China have withdrawn a foreign brand of infant milk formula from shelves following a media scare over its safety.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
Owner of three luxury brands that have turned their attention to the China market in recent years – Tod’s, Hogan and Roger Vivier — Italy’s Tod’s Group S.p.a. is set to further intensify its China efforts for its flagship Tod’s leathergoods brand in particular. As Emilio Macellari, chief financial officer at Tod’s, said this week, the group plans to open 20 Tod’s stores in 2013 worldwide, yet Chi
EUROZONE exports fell in the fourth quarter for the first time in more than three years, and investment declined as the sovereign debt crisis pushed the region deeper into a recession.
Exports from the euro area shed 0.9 percent in the last three months of 2012, helping drive gross domestic product down 0.6 percent, the European Union's statistics office said in a report yesterday. Exports las
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
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.
Owner of three luxury brands that have turned their attention to the China market in recent years – Tod’s, Hogan and Roger Vivier — Italy’s Tod’s Group S.p.a. is set to further intensify its China efforts for its flagship Tod’s leathergoods brand in particular. As Emilio Macellari, chief financial officer at Tod’s, said this week, the group plans to open 20 Tod’s stores in 2013 worldwide, yet Chi
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.
