China has raised its minimum purchase prices for rice and wheat for a second time this year to encourage grain production and curb inflation, the National Development and Reform Commission said yesterday.
The increases were announced a day after the government pledged an increase of 25.25 billion yuan (US$3.59 billion) to this year’s rural budget, a [...]
Shanghai-based Bright Dairy & Food Company will increase the price of its pure milk products by about 14 percent after the country’s top planning body gave approval.
This is the first price rise approved by the National Development and Reform Commission since it announced price regulations in January to curb inflation.
Tags: dairy, grain, NDRC
Banks should fully evaluate investors’ risk tolerance, China’s banking supervisor reiterated yesterday, after an investment fund was liquidated.
The China Banking Regulatory Commission said that it would require risk warnings to be highlighted in manuals and agreements for investment products.
Tags: investment, QDII
Special prosecutors investigating alleged corruption at Samsung Group said yesterday that they planned to summon the conglomerate’s powerful chief for questioning, according to a news report.
The Yonhap news agency quoted Yun Jung-sok, deputy to independent counsel Cho Joon-woong, as saying Samsung Chairman Lee Kun-hee would be summoned. Yun did not offer a timeframe.
Tags: Electronics, Samsung
Tesco is planning to open its first Russian stores as wages and consumer spending surge, three real-estate advisers who have held talks with the retailer in the country said yesterday.
Tesco is looking for ways to enter the market, said Jeff Kershaw, senior director at the Moscow office of CB Richard Ellis Group. The UK company [...]
Metro Cash & Carry Co Ltd said its 2007 sales in China rose 18.5 percent from a year earlier after the emerging market became one of the driving forces for its ambitious global expansion.
The sales division of the Germany-based Metro Group earned revenue of 9.52 billion yuan (US$1.36 billion) in China last year, the company [...]
