Shandong Chenxi Group, Once One of China’s Largest Soybean Importers, Files for Bankruptcy

Formerly China’s largest soybean importer, Shandong Chenxi Group, filed for bankruptcy due to its inability to pay off debts…Full Article: Sina Finance July 2018 ChinaAg Comments On 6 July 2018, China increased the import tariff rate for U.S. soybeans to 25%. The increase was in retaliation to similar tariff increases by the U.S. on Chinese

Shandong’s Yantai Changyu Wine Snaps Up 5th Overseas Acquisition

Chinese winery Yantai Changyu Wine Co bought an 80 percent stake in the Clare Valley’s award-winning Kilikanoon Estate in Australia for AUD $20.6 million ($16.4 million). The deal was signed at a ceremony held in Adelaide, Australia, Jan 18…Full Article: China Daily Jan 2018 Key Point To date, this is Changyu Pioneer Wine’s (SHE:000869) fifth

Hong Kong’s Fosun Group to Buy Out Asahi Group’s Stake in Tsingtao Brewery

Fosun Group, one of China’s biggest buyers of overseas assets, has turned its sights back to its home turf, as it buys out a Japanese shareholder in one of the country’s oldest and biggest breweries…Full Article: South China Morning Post Dec 2017 Key Points Fosun International (HKG:0656) will out Asahi Group’s stake in Tsingtao Brewery

Chinese Food Producers Lament Lack of Access to Foreign Markets

China’s food producers are facing increased access certification barriers as overseas markets try to protect their own industries, putting pressure on Chinese exporters and squeezing their profits, business insiders said. Complicated attestation and strict access requests, including long approval periods and high fees, are being imposed on Chinese food products in foreign markets, Wang Hongyu,