China’s agricultural sector is to grow strongly in the coming years, says celebrated US investor Jim Rogers. Mr Rogers told the BBC’s Leisha Chi that while some sectors of the Chinese economy will continue to slow this year, farming will be one that enjoys a boom. He also predicts that globally, the price of agricultural
Beverage tycoon Zong Qinghou regained his position as China’s richest man this year, Forbes magazine said Friday, but the global economic slump took its toll on other billionaires. Zong, who heads soft-drink producer Wahaha, has a fortune of US$10 billion, according to the magazine’s annual ranking of China’s 400 richest, helping him win back the
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