IN BRIEF (Page 18)

New World wine, tastes so divine

Ready to get heady, China's growing middle class finds new ways to fill the glass

Retail sales to shrink, only to swell from 2017

Price cuts that kept China's wine market low in recent years will continue this year, and the retail market value will shrink, only to rebound from next year, according to an industry survey.

Taking a shine to the Kiwi grapes

China is now New Zealand's sixth-largest wine export market by value. Wine exports to China for the financial year to June 2015 exceeded NZ$27 million ($18 million), said Natalie Potts, marketing manager, Asia, for the New Zealand Winegrowers.

Top-level changes at SOEs

COFCO's Ning shifts from top food trader to drive Sinochem's international growth

Stocks eke out gains amid State-backed buying

Chinese mainland stocks rose in volatile trade as State-backed funds were said to intervene after a plunge on Monday wiped out $590 billion of market value.

SPD reveals good performance

Shanghai Pudong Development Bank Co Ltd became the first A-share listed company to release its preliminary earnings estimates with business performance higher than expectations, but the overall condition of Chinese commercial banks still remains far from favorable.

BNBM eyes growth from green efforts

The country's biggest plasterboard maker, which manufactures using waste materials, is calling for more compulsory use of green building products to reduce air pollution.

Reed Exhibitions plans digital push

Events organizer Reed Exhibitions said it is increasing its marketing spending in China and its use of digital development tools.

Youyou says next step is an offering

Chongqing-based Youyou Food Co, one of the country's largest distributors of pickled chicken feet, is planning an initial public offering which could make billionaires of its family owners.

Local banks turn to Third Board for funding

Increasing numbers of local small banks are set to apply to list on China's third national equity exchange in a move to replenish capital levels amid growing market competition.

Box to de-bottleneck brands

Shanghai's waning time-honored brands have literally been given a helping hand - in the form of a robotic arm within a cubic vending machine.