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Demand for Traditional Tibetan Medicine on the Rise in China

Output of traditional Tibetan medicine rose to 2,300 tons, valued at 1.5 billion yuan (217 million U.S. dollars) in 2016, due to growing demand for the ancient medicine. Twenty-one pharmaceutical companies in southwest China’s Tibet Autonomous Region have been awarded the certificate of Good Manufacturing Practices for Pharmaceutical Products, according to the region’s Commission of

Shanghai’s Bright Food to Sell a Majority Stake of its Weetabix Cereal Investment to USA’s Post Holdings

Shanghai-based food conglomerate Bright Food Group Co has confirmed it will sell the majority of its stake in UK cereal brand Weetabix to U.S. cereal company Post Holdings, the group’s spokesman told China Daily on Tuesday [18 April 2017]. The sale is projected to be worth $1.76 billion, according to Reuters. Bright Food will remain

Coca-Cola and COFCO Joint-Venture Opens Bottling Plant in Hunan Province

Coca-Cola, the global leader in the beverage industry, announced Tuesday [11 April 2017] that its biggest bottling plant in central China began operating in Hunan Province. The new plant is designed to accommodate nine production lines — four for water products, four for sparkling beverages and one for juice and juice drinks. Four lines were

Japan’s Agricultural Cooperative, Zen-Noh, to Establish Rice Joint-Venture in China

The umbrella organization for Japan’s farming cooperatives plans to start selling rice directly in China this fiscal year, seeking to cut out the layers of middlemen that have sent retail prices through the roof…Full Article: Nikkei Asian Review Apr 2017 Key Point Japan’s Zen-Noh, aka the National Federation of Agricultural Co-operative Associations, is the sole

Chinese Construction Company Expected to Complete First Berth of Kenya’s Lamu Port in 2018

Chinese construction firm, China Communication Construction Company (CCCC) is on course to complete the first berth of the Lamu port in mid 2018, Kenyan officials said on Thursday [6 April 2017]. Lamu Port-South Sudan-Ethiopia-Transport (LAPSSET) Corridor Development Authority Director General Sylvester Kasuku told a media briefing in Nairobi that dredging works began in October 2016

China to Loan Nigeria US$4.5 Billion for Agriculture Projects

The Peoples Republic of China has said it will lend Nigeria $4.5 billion to boost local agriculture. The loan is to enable Nigeria purchase farming tools including tractors, bulldozers, graders, irrigation pumps, amongst others…Full Article: AllAfrica Apr 2017 Key Point The US$4.5 billion loan will have a 20 year repayment term and moratorium of 5