Food company wants to invest for next 50 years, or even 100 years, says its chief
Marks & Spencer, the United Kingdom-based retailer, showed that efforts to boost profitability in its troubled clothing business are starting to pay off even though sales fell again in the latest quarter.
Stock prices of related companies that are set to benefit from closer cross-Straits ties surged on Wednesday after Xi Jinping and Ma Ying-jeou, the top leaders from both sides, agreed to meet on Saturday in Singapore.
The Chinese smartphone family, long known by its average-quality and inexpensive devices, is all set to welcome a new member. Only, the new entrant is a cut above the rest as its major customers are nattily dressed businesspeople who sport customized gadgets handcrafted with sapphire crystal screens and high-end leather.
A popular saying is that the way to a man's heart is through his stomach. Well, the same can be said about women, at least for housewives who shop at a high-end grocery store in Beijing.
An increasing number of Chinese exporters are adopting new means to boost falling sales amid slowing global demand, going by the trend at the autumn session of the biannual Canton Fair, which concluded in Guangzhou, the capital of Guangdong province, on Wednesday.
China National Cereals, Oils and Foodstuffs Corp, the country's largest food trader, is planning to import 3.5 million metric tons of grains every year through tie-ups with domestic shipping companies, in an effort to further bolster China's food security, a top official said.
China's local government debt could continue to surge if the government sets a growth target above 6.5 percent in the next five years, a leading global ratings agency said on Tuesday.
The crates of Chateau Brehat wine from Bordeaux had gathered dust for three years in a bonded warehouse on the outskirts of Shanghai before the owners cut their losses in July, slashing three-quarters off the $50 price tag.
Nuclear plant operator China National Nuclear Corp said on Tuesday that it was considering taking a minority stake in French nuclear group Areva SA.
Don't count your chickens before they hatch. The same can be probably said of a growing market buzz about monetizing millions of babies before they are even born.
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Raymond Zhou
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