Production, Trade, Prices, and More
From competitor to customer, from threat to opportunity – the leather trade between India and China has come a full circle. Rising production costs and labor issues are pushing the Chinese to look at sourcing products from other countries, including India since Indian products match the Chinese in quality. That’s a complete role reversal from
China may be losing its appetite for fast foods. Sales at KFC and McDonald’s have declined recently, following several years of accelerated growth. Yum Brands (owner of KFC) registered a mere 6% uptick in same-store sales in China, significantly down from last year’s 19% growth. McDonald’s had its worst quarter in sales growth in nine
China’s grain output this autumn is likely to hit a record high and bring a ninth year of consecutive growth in the annual output, an official with the Ministry of Agriculture (MOA) predicted on Friday. The acreage for growing grain crops is expected to expand by around 733,300 hectares to 111 million hectares this year,
Chinese soybean buyers tour of Wayne Fredericks’ farm in Mitchell County.
Chinese consumers had to dig deeper into their pockets in August 2012 when purchasing foods. Fresh vegetables were 23.8% more expensive. The National Bureau of Statistics reported recently that the price index for food was 3.4% higher than last year. Of foods which were compared to August 2011, in particular fresh vegetables (+23.8%) and fruit
Like everyone else, Chinese people love fast food. Western purveyors of salty, fatty delectables such as McDonald’s and KFC serve up vast quantities of lunch and dinner to the world’s most populous nation. But not breakfast. Chinese consumers have yet to be won over by the Egg McMuffin or even the breakfast platter (a mix
An agreement in principle has been reached between the United States and China to allow the first U.S. fresh pears into that country next year and a third variety of pears from China, Sand pears, into the U.S. The Pacific Northwest pear industry has been working for access to China for 18 years. It expects
USDA’s Animal and Plant Health Inspection Service (APHIS) office in Beijing received a draft phytosanitary protocol from Chinese plant health officials covering prospective exports of U.S.-grown rice to China. A translation of the document has been sent to APHIS headquarters in Riverdale, Md., for review and assessment and to formulate a response. The U.S. rice industry has been
More than 345,000 people have moved into new homes. The relocation started three years ago. It is the second largest relocation in modern Chinese water conservancy projects after the Three Gorges Dam.
Chinese Premier Wen Jiabao was today presented with a top United Nations award for his efforts to increase food production, contributing significantly to reducing the number of people around the world suffering from extreme poverty. “Let me give you one number that illustrates the magnitude of this contribution,” the Director-General of the UN Food and