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Foreign seeds cause worries over food safety

Farmers sow a crop in Pingluo county, Ningxia Hui autonomous region. [China Daily] The aggressive expansion tactics adopted by foreign seed companies in China have increased concerns over the nation's food safety especially at a time when agricultural yields have been falling. ...

Media speculates over report Philips may sell unit to TPV

Philips LCD TVs at a local store in Shantou, Guangdong province. [China Daily] Local media is speculating that Dutch electronics giant Royal Philips Electronics is mulling whether to sell its LCD TV business in the Chinese market to Hong Kong-listed TPV Technology Limited. ...

Steel prices set to firm up

Workers process a steel bar at a mill in Huaibei, Anhui province. [China Daily] Falling steel prices will continue to cloud the profit outlook for domestic steel mills in July, but there are indications that the tide will change over the next few months, a top official from the ...

Nestl wins Global Food Industry Award

Nestl 's dedication to food science and technology has been acknowledged by the International Union of Food Science and Technology (IUFoST). The IUFoST has honoured Nestl with its prestigious President's Award, which is given in recognition of efforts to advance global food ...

Changsha Zoomlion to intensify its expansion

A crane developed by Zoomlion Heavy Industry is moved off the assembly line in an industrial park located in Hunan province. [China Daily] Changsha Zoomlion Heavy Industry Science and Technology Development Co, one of China's biggest construction machinery makers, is planning to ...

P&G promises 'full court press' in China

The world's largest consumer goods company Procter & Gamble Co (P&G) said that it plans to invest at least $1 billion in China over the next five years, in an effort to strengthen both its manufacturing and research and development capabilities. Bob McDonald, chairman of the ...

WISCO in talks with ArcelorMittal

A worker inspects flat-rolled steel at Wuhan Steel. [China Daily] China's third largest steel mill Wuhan Iron & Steel Group is in talks with ArcelorMittal, the world's largest steelmaker to jointly develop overseas mining projects to gain more raw material resources and reduce ...

Manufacturing continues to expand

Workers process cotton in the Xinjiang Uygur autonomous region. Hikes in the prices of raw materials such as cotton are cited for an increase in the purchasers' price index. [China Daily] Operating conditions for China's manufacturing sector continued to strengthen in October, ...

Sales of obesity drug Qumei suspended

Qumei products, a diet drug, will be returned to the manufacturer after a national recall was announced. China's State Food and Drug Administration suspended sales of a popular obesity drug over the weekend amid fears its use may increase the risk of heart attacks and strokes. ...

$8.29b power deal signed

The Shanghai Electric Group on Thursday signs an $8.29 billion deal with India's Reliance ADA Group for the supply of power equipment and related services. [China Daily] Shanghai Electric Group, one of the country's three largest power equipment makers, signed an $8.29 billion ...

Cement prices hit record levels

A worker at a cement factory inYushu, Qinghai province. Cement prices rose sharply in China due to energy curbs on producers. [China Daily] Cement prices in China rose to record high levels as mandatory energy curbs affected production. The average price of cement in China has ...

Traditional medicine maker eyes global gains

Guangzhou Pharmaceutical Holdings Limited announced Tuesday that it plans to set up two new traditional Chinese medicine production bases, one in Chongqing Municipality and the other in the Southeast Asian country of Laos. The decision was announced at a medical forum, organized ...

Baosteel chief urges innovation in downturn

There is no King Canute to turn the tide for China's steel smelters who are wrestling with a below-average profit margin in the industrial sector, but greater efforts in structural adjustment, consistent innovation and less pollution may pay off in the long run, said an ...

Steelmaker eyes ore stake

Workers test an iron ore treatment facility of Wuhan Steel in Enshi, Hubei province. Wuhan Iron & Steel Group, China's third-largest steelmaker, is in discussions with Canada-listed Adriana Resource Inc for a stake in the Lac Otelnuk iron ore project in Quebec, a senior executive ...

Silicone JV to meet demand

Dow Corning booth at an industry exhibition in Shanghai. [China Daily] Dow Corning Corp of the United States and Germany's Wacker Chemie AG yesterday inaugurated a US$1.8 billion joint venture silicone manufacturing site in east China to meet fast-growing Chinese and Asian demand...

China's 1st home-made light civilian helicopter makes debut

Workers test AC310 helicopter, developed and manufactured by the Aviation Industry Corporation of China (AVIC). The first light civilian helicopter developed and manufactured in China made its successful maiden flight in northern port city of Tianjin Monday. The two-tonne AC311 ...

Coca-Cola Co sees fizz in China

While many foreign businesses are complaining about China's investment environment and considering transferring their factories elsewhere, others, notably The Coca-Cola Company, are not only staying put but expanding. Muhtar Kent, chairman and chief executive officer of The Coca...

AB InBev brews strategy for expansion

Harbin Beer, founded in 1900, is China's earliest beer brand, and produced 1.7 million tons in 2009 to take 66 percent of the market share in Harbin, Heilongjiang province, and 5 percent of the national market. Global brewing giant Anheuser-Busch InBev will launch an estimated ...

Instant noodle maker hikes prices

Taiwan-based Tingyi (Cayman Islands) Holdings Corp said that the retail price of each packet has been raised from 2 yuan ($0.30) to 2.20 yuan ($0.33) due to a recent surge in the price of raw materials used in the plastic-packaged meals. [Global Times] Tingyi Holdings Monday ...

Steel output slips on weak demand

A worker moves steel piping at a distribution center in Nantong, Jiangsu province. [China Daily] Crude steel output in China fell to a five-month low in July due to weak demand, but might see a pickup over the next few months as steel prices rebound, analyst said on Wednesday. ...
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world

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finance

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industry

China's banks must evolve or perish
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trade

sports

Injured star short-track skater Wang Meng left out of China's squad for Sochi
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