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McDonald's Corp said on Wednesday that it plans to hire 50,000 new employees in China, as the company steps up its expansion in the country, where competition among fast-food chains is growing.
Yum! Brands Inc, the world's largest catering chain group, announced on Tuesday the submission of a preliminary bid to acquire a majority stake in the Chinese hot-pot restaurant Little Sheep Group Ltd.
A national school milk program intended to improve children's health has soured again. On Friday morning, 251 children at Yuhe Town Central Primary School in Yulin, Shaanxi province, fell ill after drinking school milk produced by the Mengniu Dairy Group.
China Ocean Shipping (Group) Company (COSCO), the largest container ship operator in China and the sixth-largest in the world by volume, will resume its investment in ports, said Wei Jiafu, the president and chief executive officer of the group, on Tuesday.
The China Huarong Asset Management Corporation (Huarong) announced Wednesday that its first quarter net profits for 2011 surged more than 165 percent year-on-year.
Of the 1,024 companies surveyed, about 88 percent said they want to boost investment overseas over the next two to five years, a sharp rise from a year earlier when 61 percent of the firms surveyed said they planned to expand investment.
China National Offshore Oil Company Limited announced Wednesday that its sales revenue jumped by almost 60 percent in the first three months driven by soaring output and prices.
Profits of China's industrial enterprises jumped 32 percent year-on-year for the first three months this year, China's National Bureau of Statistics (NBS) said Wednesday.
Haier Group, one of the world's leading white goods and home appliances makers, announced Wednesday that its first quarter net profit jumped 47.17 percent year-on-year to 531 million yuan ($81 million).
Zara on Monday dismissed concerns over the quality of its products sold in Beijing, insisting they pose no risk to shoppers.
Shanghai KFC Co Ltd said that paper containers for its "family barrels" meet national standards in terms of fluorescent brightener, National Business Daily (NBD) reported.
Minmetals Resources Ltd withdrew its offer to buy Equinox Minerals Ltd after Barrick Gold Corp trumped it with a C$7.32 billion ($7.68 billion) cash bid.
