Nestle has agreed to sell its Yinlu peanut milk and canned rice porridge businesses in China to Food Wise Co Ltd, a company controlled by the family of Yinlu founder Chen Qingshui, the world’s largest…
Tagged By beijing
GLOBAL ECONOMY Asian factories continue recovery from COVID-19 woes as China booms
Asian factories continued to recover steadily in November thanks to a boom in economic powerhouse China, private surveys showed on Tuesday, offering hope the region was shaking off the drag from the …
Chinese battery shares slide after Beijing imposes export controls over supply chain
Shares of Chinese battery makers plunged on Friday after the country announced that it would control exports of lithium battery parts, a move that tightens its grip on the technology critical for …
China formin to meet Japan’s Suga; Beijing’s first high-level contact with new PM
Chinese Foreign Minister Wang Yi will meet Japanese Prime Minister Yoshihide Suga on Wednesday, marking Beijing’s first high-level contact with Japan’s new leader.
China hits US vessels with retaliatory port fees
The fees and schedule broadly mirror rules announced by the US in April, which come into effect next Tuesday. The US is requiring China-built vessels docking at US ports to pay $18 a tonne or…
China to cut tariffs, boost imports of high-quality goods and services – Xi says
China will continue to cut its tariffs and expand imports of high-quality goods and services, Chinese President Xi Jinping said on Thursday, while vowing to push reforms and promote an …
In Xi’s China tycoons are vanishing, and Liuzhi may be the reason why
A growing number of China’s business leaders are disappearing into Liuzhi, a secretive detention system where anti-corruption probes and blacklists blur with business crackdowns.
China’s oil buying binge to run on in 2021 as tank operators, refiners stock up
China’s commercial oil stockpiling sector, which emerged as a key swing buyer of crude as prices plunged earlier this year, is setting plans to grow again in 2021, supporting a further boost in …
China’s ambassador to India announces resumption of direct flights by October end
The resumption of direct flights between India and China is expected to benefit various sectors, including business, academia, and tourism. Industry experts anticipate that the move will boost …
China’s c.bank says Ant’s IPO suspension is to safeguard consumer, investor interests
The decision to suspend Ant Group’s planned initial public offering in China was based on a comprehensive consideration about safeguarding the interests of financial consumers and investors, a senior …
China Flexing Battery Supply-Chain Clout With Fresh Export Curbs
China’s new export controls over parts of the battery supply chain are the latest sign Beijing is willing to leverage its dominance over an industry vital to the energy transition.
USDA defends estimate of China corn imports, despite hot sales pace
The U.S. Department of Agriculture on Wednesday defended its latest monthly forecast of China’s corn imports, a figure that surprised analysts given that corn sales to China have already outpaced the …
Exclusive: China eyes more corn imports as shipments surge, set to become top buyer
China’s government is discussing permits for millions of tonnes of additional corn imports over the next year, three industry sources told Reuters, amid a surge in animal feed demand and after storms …
