Personal computer sales in mainland China exceeded sales in the US for the first time in the second quarter, driven by increased customer demand and government spending, the Wall Street Journal reported. Approximately 18.5 million units were shipped in China in Q2, compared with 17.7 million in the US – although upcoming holiday sales in the US are […]
Category: Consumer
At least 11 people are dead, including one six year-old child, and 120 sick after consuming tainted vinegar in China’s northwestern Xinjiang Autonomous Region, state media reported. Residents in Sangzhu, a village in the northwest part of the region, consumed vinegar from two bottles which police suspect previously contained antifreeze. They began to feel sick […]
State-owned pharmacy Beijing Tongrentang has pulled the sale of edible bird’s nests, after high levels of sodium nitrite were found in nests imported from Malaysia, state media reported. Spot checks at 491 stores in Zhejiang Province revealed average content of 4,400 mg of sodium nitrate per kilogram, when the allowed cap is 70 milligrams per […]
Categories
Coca-Cola to spend $4bn in China
Coca-Cola (KO.NYSE) plans to spend an additional US$4 billion over the next three years growing its business in China, the beverage giant’s third-largest market, the Wall Street Journal reported. Chairman and Chief Executive Muhtar Kent said that the funds will be plowed into setting up new bottling plants, expanding existing facilities and supporting distribution, marketing […]
China’s Bright Food Group is close to acquiring approximately 75% of Manassen Foods Australia in what would be one of the largest overseas acquisitions yet by a Chinese food company, the Wall Street Journal reported. The state-owned dairy, packaged snacks and confectionary maker plans to buy the stake from Sydney-based Champ Private Equity in a […]