China is likely to import less sugar this year as higher inventories in the domestic market and weak prices in the international market may make the prospects less sweet for importers, industry sources said.
Summer grain output hit a record high of 136.60 million metric tons in China this year, up 3.6 percent from last year, the National Bureau of Statistics said on Monday.
Samsung Electronics Co Ltd said it has halted doing business with a supplier in China over suspected use of child workers - the first time it has taken such a step - following criticism that its monitoring of suppliers' labor practices has been lax.
Beijing-based Reignwood Group is buying a 25 percent stake in a top-selling coconut water brand owned by All Market Inc in the United States to expand the drink into this fast-growing niche beverage market in China.
US-based mobile app Uber officially launched its car service in Beijing on Monday, and is expanding to six Chinese cities, including Shanghai, Guangzhou and Shenzhen. Uber started its test operations in Beijing two months ago.
If Shanghai is to become an important component of the global economy, its government should better serve the city's people and businesses.
China's Hony Capital Ltd's acquisition of the United Kingdom restaurant chain PizzaExpress Ltd, the largest acquisition in five years in the European restaurant sector, also signifies China's soaring appetite for foreign food.
China Huaneng Group Corp, the biggest power generation company in the country, said it will invest about 10 billion yuan ($1.61 billion) this year to upgrade emissions-control equipment, a move to meet the government's requirement for air quality improvement.
Arnout van Rijn cannot resist a good arbitrage opportunity.
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