China Economic ReviewItalian dairy firm Parmalat has withdrawn from the Chinese market, transferring operation of its joint venture, in which it holds 65 per cent, to Nanjing Milk of Jiangsu province, Economic Observer said. Under the agreement, Nanjing Milk will run the plant for three years and maintain monthly production of 4,500 tonnes of milk under the […]
Nu Fung Hong, Hong Kong's biggest importer of food from mainland China, has signed an agreement with Shanghai East Asia Group to build a meat processing plant. Nu Fung Hong will provide 51 per cent of the Yn360m to be invested in the plant, the Shanghai Meat Processing Centre. When construction in the Jiading district […]
Demand in the Chinese market for chicken will grow by around 3 per cent in 2003, fuelled by low feed prices and a continuing switch from pork to chicken, according to a report in Poultry Global magazine. Production of other poultry, primarily ducks and geese, is likely to expand even more quickly. However China's imports […]
The global debate over the environmental and health aspects of GM technology has now spilled over to China, writes Ding Yimin of Panos. Faced with the daunting task of feeding a population of 1.3bn, China is turning to biotechnology as a possible scientific solution to address both food security and poverty issues. But a raging […]
US-based investment bank Morgan Stanley contributed US$18m of the US$26m paid by three outside investors for a 33 per cent stake in China's leading producer of dairy products, Mengniu Dairy Co, China Daily said.The other partners in the deal concluded in late December, were CGU-CDC China Capital Partners and Dinghui Investment. Niu Gensheng, chairman of […]