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Turnover on the Dalian Commodity Exchange on the Rise as Zhengzhou Exchange Plummets

Turnover on the Shanghai Futures Exchange edged up 2.63% from a year earlier to 44.6 trillion yuan [US$7.17 trillion] last year, taking up 26.06%of the country’s total. The market deals in commodities such as copper, rubber and fuel oil. Meanwhile, the Dalian Commodity Exchange, the country’s largest futures market for agricultural goods, saw its turnover

Chinese Yarn Imports Rise due to Inflated Domestic Prices for Raw Cotton

China’s aggressive cotton stockpiling policy has pushed up domestic prices, forcing the world’s largest textile industry to boost imports of yarn by as much as a third in 2013, while production moves to southeast Asia, drawn by lower costs there. Beijing’s stockpiling moves, launched in 2011 and designed to support farmers, have held domestic cotton

Dairy Company in Shenyang, Liaoning Province, Launches its First Infant Formula Milk Powder Product

Liaoning Huishan Dairy Group Co Ltd (Huishan) unveiled its first infant formula milk powder product on Monday in Shenyang, capital of Liaoning province. Sources said the regional dairy products giant is seeking to go public in Hong Kong this year. The infant formula has been jointly developed with Hero Group, the consumer goods giant from

China to Aid Egypt in Irrigation Projects

China and Egypt have agreed to enhance cooperation with Egypt on irrigation and water resources, Egyptian Water Resources and Irrigation Minister Mohamed Bahaa-Eddin said Saturday. The agreement was reached after “fruitful” talks with China’s Water Resources Minister Chen Lei in Cairo, Bahaa-Eddin said in an interview with Xinhua. He visited Beijing last November and signed

Manchester United Signs Sponsorship Deal China’s Largest Beverage Producer

The World’s biggest football club, Manchester United, yesterday announced a new sponsorship with Chinese soft drinks manufacturer Wahaha. The new three year deal will see the popular drinks brand become the Club’s first Official Soft Drinks Partner in China. Wahaha has been the largest beverage producer in China for the past 11 years, with branded

Kweichow Moutai (Sorghum Liquor) Being Investigated for Price Monopoly

Kweichow Moutai announced on its official website Tuesday it is ending marketing polices that go against the China Anti-monopoly Law. The company’s new policies will soon published under the guidance of China NDRC (National Development and Reform Commission) and Price Bureau in Guizhou Province. According to the China Anti-monopoly Law, a company is forbidden to