As more global fast food chains rush to China for expansion, they also have to face the costly headaches in a fast-changing food supply environment plagued by repeated safety scandals. Fast-food giant McDonald's Corp recently announced ...
Tags: fast food, Food Production Monitor
Fresh outlook, policies and subsidies key to hit goals and harness opportunities The Chinese government is considering new preferential policies for the emerging new energy car industry. The Ministry of Science and Technology issued a ...
Italian coffee maker Luigi Lavazza has sole rights to consider the acquisition of Carte Noire coffee business from Mondelez International, as part of its contractual agreement with the latter. Lavazza was quoted by Reuters as saying: ...
Tags: Lavazza, Carte Noire Coffee
Keurig Green Mountain is planning to buy back more than 50% of Italian coffee maker Luigi Lavazza for around $624m. This comes as Lavazza is currently raising funds for the acquisition of D.E. Master Blenders' L'Or and Mondelez ...
Tags: Keurig Green, coffee
Australia's meat pie producing company Patties Foods has decided to scrap its interim dividend following the frozen berries recall due to potential microbiological contamination. The company recalled contaminated products earlier this ...
Tags: Patties Foods, Frozen Berries
A six-meter-high industrial gas flow was discovered at a shale gas well in Inner Mongolia Autonomous Region, marking a breakthrough in shale gas development in north China, local authorities said Sunday. The well, based in coal-rich Ordos ...
Tags: Industrial Gas, Natural Gas
The Chinese currency has seen sharp volatility against the US dollar this week as a strengthening dollar stokes worries of the yuan's depreciation. The yuan continued to decline against the dollar on Wednesday with its spot exchange rate ...
Tags: China's New Yuan, Chinese currency
Industry expands as an increasing number of Chinese people opt for healthier lifestyle Even when she was in her 20s, Tiffany Tang says she never felt so full of energy and healthy. Since starting to jog with her family and friends over ...
Tags: Fitness Sector, Exercise Equipment
Chinese enterprises will soon be able to avoid rushing between offices to get investments approved as authorities will launch online processing of their applications. The online platform will go into operation this year, said a ...
The number of electric-vehicle charging stations in Beijing will be doubled by the end of 2015 to encourage the use of new-energy vehicles, local authorities said on Wednesday. Beijing currently has 1,425 public charging stations at 188 ...
China's machinery industry continued to expand in 2014 but at a softer pace due to sluggish domestic demands and piling inventories, new data showed on Wednesday. The added value of the sector increased 10 percent year on year in the last ...
One week ahead of Spring Festival, China's firework companies are feeling heavy pressure as they face a stagnant market going into their busiest sales period, with demand shrinking amid bans on firework displays. Setting off fireworks ...
Tags: Fireworks Industry, firework
China is unlikely to "purposely weaken" its currency, the yuan, or renminbi (RMB), as it would go against the authorities' commitment to economic rebalancing and structural reforms, HSBC said on Monday. Even dismissing the economic ...
Tags: weaken currency, RMB
The quality of raw cotton declines over time, even when stored in excellent conditions, hence it is essential for spinners to re-test samples before making a purchase decision, says Uster Technologies, the leading high-technology instrument ...
China's central bank seems to have moved to stabilize the yuan despite mounting market sentiment that the currency has been toward the upper limit of its daily trading band for the past week. The reference rate the People's Bank of China ...