The confidence of China’s consumers rose slightly in the second quarter of 2010 as measured by the Consumer Confidence Index, state media reported. The index, issued by the National Bureau of Statistics-affiliated China Economic Monitoring & Analysis Center and Nielsen rose to 109 in the second quarter, up from 108 in the first quarter. It […]
Category: Consumer
Milk formula producer Synutra (SYUT.NASDAQ) said its products were safe, but that it would open its plants for inspection following reports that its baby formula led to premature development in infants, Bloomberg reported. China’s health ministry had ordered a probe into the reports, which said that baby girls in Wuhan fed on Synutra formula had […]
Shares in Chinese baby formula producer Synutra International (SYUT.NASDAQ) fell nearly 27% after reports in Chinese media of premature development in babies fed on the company’s formula, Bloomberg reported. Three girls in Wuhan who had been fed with the formula were said to have abnormally high levels of the hormone estradiol in their bodies. Synutra […]
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People and Party
The co-dependence between China’s middle class and their leaders is a recipe for slow reform, says JWT’s Tom Doctoroff
Shares of Huiyuan Juice Group (1886.HK) rose 8% on news that Danone (BN.FR) is selling its stake in China’s largest beverage maker to Hong Kong private equity group SAIF Partners for US$259.6 million, Dow Jones Newswires reported. Danone will sell its holding for HK$6 (US$0.77) per share, more than 50% less than the price offered […]