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Hsu Fu Chi deal offers 23% return

Nestle agreed to buy 60 percent of Hsu Fu Chi International Ltd, the Dongguan, Guangdong-based candy maker, for S$2.07 billion ($1.7 billion) in July. Nestle SA's biggest acquisition in China is giving traders a chance to reap a 23 percent profit without the risk of losing any ...

China's property developers under pressure

China's real estate developers face a greater pressure as their inventories pile up. [CFP] China's property developers saw their inventories surge in the first half of this year as government measures to cool the market have started to bite, latest statistics show. Total ...

Trouble brewing for Starbucks

Bao Xun'an, a descendant of one of ancient China's most renowned judges, points to a bottle bearing the image of his ancestor. Seattle-based coffee chain Starbucks began selling mugs and bottles decorated with a picture of the 11thcentury judge Bao Zheng after it opened its ...

Disney Shanghai discloses operation mode

Hong Kong Disney Land. [CFP] Disney Shanghai will run under a new operation mode that will involve shared profits between Walt Disney Co and its local partner in China,said Tom Staggs, chairman of Walt Disney Parks and Resorts. The announcement was made during Staggs' visit to ...

Media Markt plans larger network

Media Markt's first outlet in Shanghai. The Germany-based company plans to have six or seven stores this year. [China Daily] The electronics retailer Media Markt, owned by the German group Media Saturn Holding, plans to have six or seven stores by year-end, all in Shanghai, a ...

China Vanke says H1 net profit up 5.9%

Vanke Co, China's largest property developer reports a surge of 5.88 percent in net profit in the first half of this year. [CFP] China Vanke Co, the country's largest property developer by market value, said Monday that its net profit rose 5.88 percent year-on-year in the first ...

KFC frying oil safe in Shanghai, says watchdog

Shanghai food safety watchdog claims frying oil used by KFC is safe. [CFP] Shanghai Municipal Food and Drug Inspection Institute said Tuesday the frying oil used by the U.S. fast-food giant Kentucky Fried Chicken (KFC) is safe in Shanghai. On Tuesday, the workers with the ...

Lucrative golf industry lures stiff competition

Two models stand beside golf equipment and bags at a recent golf equipment fair in Beijing. A total of 350 domestic and international brands of golf equipment manufacturers and suppliers took part in the event. [China Daily] No one can ignore a 3 billion yuan ($462 million) ...

Dairy Queen admits its raw mix comes from Baxi

A Dairy Queen ice cream store. US-based ice cream chain Dairy Queen (DQ) admitted the raw mix they use to make ice cream is produced and provided by Beijing-based Baxi, a Chinese company established in 1994. The company specializes in making milk products, Shanghai Evening Post ...

Crossroads for property prices

[By Yu Fangping/China.org.cn] In a move to reassess the ability of domestic commercial banks to cope with the growing housing lending risks, the China Banking Regulatory Commission conducted a stress test on these lenders in the second quarter. In a recent interview with China ...

Edible oil prices set to increase

Edible-oil producing companies, which have both crushing and bottling operations, have been able to raise prices on bulk sales to large-scale users such as restaurants, reflecting higher commodity costs and inflation. [China Daily] Price hikes for bottled edible oil are ...

Copycat shops tap brand recognition

A customer selects photo frames at the 11 Furniture store in Kunming, in southwest China's Yunnan province, last week. The store, which resembles an outlet of Swedish furniture giant Ikea, is one of a number of Chinese businesses replicating the look, feel and service of ...

Supermarkets surveil for potential poisoners

A customer chooses packed meat at a supermarket in Chaoyang district on Sunday. [Global Times] Supermarkets and shopping malls in Beijing are required to install high-definition cameras as a deterrent to people who might poison the food, according to a new government regulation, ...

Love in the lavender fields

A lavender field. As lovers in China look forward to Chinese Valentine's Day, retailers are trying every means possible to boost sales during a traditionally free-spending period. The Qixi Festival, normally celebrated on the seventh day of the seventh lunar month in China, falls ...

Slower inflows seen for REITs

China's new lending to the real estate industry totaled 791.2 billion yuan ($122.32 billion) in the first half of 2011, the Securities Time reported on Wednesday, citing data from the People's Bank of China (PBOC). Chinese real estate investment trusts (REITs) will have subdued ...

Noodle chain extends list of food scandals

Last weekend, Ajisen was accused of using concentrates and flavoring powders to make its noodle soup base, instead of using actual pork bone stock. Ajisen Ramen, one of China's largest fast food restaurant chains, is embroiled in a food safety scandal after allegations came to ...

Pork prices drop last week

China's pork prices dropped 0.2 percent for the week ending July 24 from the previous week, the Ministry of Commerce (MOC) said Tuesday. China's pork prices dropped 0.2 percent for the week ending July 24 from the previous week, the Ministry of Commerce (MOC) said Tuesday. The ...

Home away from home investment

The inventory in China's property market will surge in the second half of the year, thus prompting property developers to cut prices further as tightening measures continue, industry experts said on July 5, 2011. Faced with a slowdown in the nation's real estate sector, some cash...

5 sentenced for tainting pork

The accused Liu Honglin, Chen Yuwei, Xiao Bing, Xi Zhongjie and Liu Xiang (from left to right) stand trial in the Intermediate People's Court of Jiaozuo in Henan province on Monday.[Photo / China Daily] Five people convicted of illegally dealing in and producing clenbuterol, a ...

'It never happened' says Nongfu

Highlighted circles show some of the eggs found on bottles of Nongfu Spring water. [China Daily] Nongfu Spring, a major Chinese producer of bottled water, on Sunday dismissed claims that worm eggs were discovered in some of its products. "It never happened. The worm eggs were ...
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china

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industry

Super car club in commercial drive
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trade

sports

Stars 'Big Three' fall short of title in 1st year
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Li Na wins French Open women's singles title
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