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Beijing Invests In New Wholesale Produce Market

Beijing has invested four billion yuan ($588 million) to build a new wholesale produce market in its southeastern suburbs. The new market will complement Xinfadi, the capital’s largest produce market, located in southern Beijing…Full Article: China Daily July 2017 Key Point Beijing’s Xinfadi wholesale market supplies 70% of the city’s vegetables. ChinaAg Comments In February

COSCO Shipping and Shanghai International Port to Buy Hong Kong’s OOCL

China’s major shipping operator COSCO Shipping Holdings and Shanghai International Port (Group) Co jointly announced a takeover offer on Sunday [9 July 2017] to all the shareholders of Hong Kong-based Orient Overseas Container Line Co (OOCL), COSCO announced on Sunday…Full Article: The Global Times July 2017 Key Point Once the takeover is completed, China’s COSCO

Representatives of Spanish Winery That Markets Changyu’s Noble Dragon Wine in Spain to Visit China

Representatives of Spain’s Marques del Atrio winery will start a week-long visit to China on July 5, the winery confirmed on Tuesday. The main reason for the visit is for the wine producer, from “La Rioja” wine district in Spain, to hold a series of meetings with their Chinese partner Changyu Pioneer Wine to help

Tianjin Customs Seizes Smuggled Beverages Illegally Imported from the USA, Mexico, Russia, and the EU

Tianjin Customs in north China announced on Wednesday [5 July 2017] that it has smashed a smuggling case involving some 5 million liters of wine, beers and mineral water. It was estimated that the drinks involved were worth nearly 500 million yuan(about 74 million U.S. dollars)…Full Article: Xinhua July 2017 Key Point Tianjin Customs agents