HK retail sales up 6.6% in January

Hong Kong’s total retail sales value rose to HK$29.3 billion ($3.77 billion) in January, up 6.6 percent over a year earlier, while the total retail sales volume grew 3.2 percent, the Census and Statistics Department said Thursday.
The department said the year-on-year comparison might have been affected by the Chinese New Year falling on February 14 [...]

Ministry denies nod on transgenic seed imports

An official from the Ministry of Agriculture refutes recent media reports that its watchdog agency has approved imports of genetically modified (GM) food seeds for large-scale cultivation in China, the People’s Daily reported Wednesday.
The ministry has authorized four GM crops’ imports — cotton, soybean, corn and kale — but only as raw materials for industrial [...]

Tea scams brewing in city’s largest marketplace

Vendors at Maliandao, the largest tea market in north China, are reaping huge profits by selling substandard tea, according to claims from a non-governmental organization.

Tags: Consumer Goods, industry

China’s grain purchase scheme helps stablize domestic prices

China’s grain enterprises purchased 287.6 million tonnes of grain from peasants in 2009, effectively stabilizing domestic grain prices and protecting farmers’ interests, said head of the State Administration of Grain Nie Zhenbang Monday.
China had raised minimum purchase prices for wheat and rice again in 2009, by 13 to 17 percent, to add income for farmers, [...]

TCM eyes European market

A leading pharmaceutical firm that produces traditional Chinese medicine in the northwestern Gansu Province is hoping to make Sweden its gateway to the European Union market after a landmark EU directive on herbal drugs takes effect in 15 months.
“We have applied to export our medicine to Sweden and eventually other EU markets,” said Sun Yu, [...]

Probe into US claims of toxic children’s jewelry

Officials from the country’s top quality watchdog yesterday said the agency would look into the alleged toxic Chinese-made children’s jewelry reported in the United States, adding that more information is necessary.
The US-based Associated Press reported on Monday that test results on some made-in-China children’s jewelry found high levels of the heavy metal cadmium in the [...]

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