More than 47 hectares of watermelons in Jiangsu province exploded in the fields, most likely because of the use of a growth-accelerating chemical and sudden rainfall after a drought, Bloomberg reported, citing state media. Wang Liangju, a professor at Nanjing Agricultural University, said an accelerant called forchlorfenuron may have cause some of the melons in […]
Category: Consumer
Yum Brands (YUM.NYSE) has made a formal offer to buy Little Sheep Group (968.HK) in a deal that values the Chinese hot pot chain at more than US$860 million, the Wall Street Journal reported. Yum and Little Sheep said in a joint statement on Friday that the offer to Little Sheep shareholders would be HK$6.50 […]
China’s consumer price index (CPI) rose 5.3% year-on-year in April, down slightly on March’s 5.4% rise but higher than the 5.2% expected by economists, the Wall Street Journal reported. Industrial production fell more quickly than expected during the month. In combination, the figures increased concerns about price inflation and an economic slowdown. Value-added industrial output […]
Unilever (UL.NYSE), the world’s second-largest maker of consumer goods, has been fined US$308,000 by the Chinese government for telling the media about its plans to raise prices, Bloomberg reported. Unilever made the announcement in March, and today the National Reform and Development Commission said in a statement that the media reports “disrupted market prices” and […]
Source: China Daily