China Economic ReviewTesco will boost its presence in China by opening new stores in the eastern coastal provinces of Shandong and Fujian next year, AP reported. The world’s third-largest retailer also said in a statement on its website that it would continue to expand in Liaoning province, where it already has 11 stores. "We are targeting expansion […]
Scandinavian dairy firm Arla Foods has warned that it will be more than a year before its sales rebound in China following the melamine scandal, the Financial Times reported. "We need to use all effort possible to regain the confidence of the consumer," said Arla CEO Peder Tuborgh. He noted that the company’s sales volumes […]
PepsiCo plans to invest US$1 billion in China over the next four years, representing the firm’s largest investment thus far in the country, the Wall Street Journal reported. The investment will be used to build more plants, boost the company’s sales force and marketing efforts, and expand research and development of products tailored for Chinese […]
Nestle has opened a US$10.2 million research and development facility in Beijing, and emphasized that consumer safety is the company’s top priority, Reuters reported. Swiss-based Nestle, the world’s biggest food group, said the new center would be used for basic research as well as product development. Nestle products made in China were pulled from the […]
The spread of the dairy scandal is tied to systemic problems with governance, says our Beijing-based China watcher