Starbucks buys back its eastern China operation in record deal

Long-term joint-venture partners Uni-President Enterprises and President Chain Store Corporation ceded their 50% stake in the business to Starbucks, which plans to build on its ongoing investments in China, its fastest-growing market outside America. ( read original story ...)

China’s PMI numbers fall slightly in July

Hot weather and flooding in some parts of China temporarily disrupted business activity and dragged the overall index lower. Likewise, the new orders index slid to 52.8 in July from 53.1 and the new export orders indicator declined to 50.9 from 52 in June. ( read original story ...)