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

Taco Bell to Relaunch in Mainland China with More Hot Food Options and New Special Sauces

Taco Bell, the Mexican-themed chain under Yum Brands Inc, is making a comeback in the Chinese mainland to test diners’ appetite for nachos. The latest drive marks a test for Yum China Holdings-which operates household names such as KFC and Pizza Hut and has just become independent through an initial public offering-toward its goal of

The USA Pushes Back on China’s Import Tariff Rate Quotas for Corn, Wheat, and Rice

The US government on Wednesday [14 December 2016] announced it was taking aim against illegal Chinese restrictions on imports of US grain, as well as price supports China provides for domestic farmers. In what it says is the 15th challenge against China, and the second involving agriculture this year, the US Trade Representative (USTR) said

China Huishan Dairy Accused of Inflating Profit Margins By California-based Due Diligence Firm

Leading dairy firm China Huishan denied fraud charges published by Muddy Water LLC, a due diligence based investment firm that conducts investigative research on public companies. Huishan says that its operations are proper and that its financial report disclosure is true and accurate. The Hong Kong-listed dairy company ranks No 1 in Northeast China and

U.S. Commerce Department Imposes Preliminary Anti-Dumping Duties on Chinese Ammonium Sulfate Fertilizer Imports

The U.S. Commerce Department on Tuesday [25 October 2016] announced its preliminary affirmative determination in the countervailing duty (CVD) investigation against imports of ammonium sulfate from China, signaling that it may pose punitive duties on the products. The department said that producers and exporters of such products from China had received countervailing subsidies at 206.72

Beijing’s Tong Ren Tang Chinese Medicine Opens Retail Stores in the USA

The world’s largest producer of products for traditional Chinese medicine (TCM) opened stores this week in New York and California to capitalize on the growing interest in the alternative medicine practice. Beijing-based Tongrentang Group Co Ltd, or Tong Ren Tang (TRT), also is opening an outlet in Vancouver, British Columbia, on Sunday [25 September 2016].