Chinese beverage manufacturer Nongfu Spring has disclosed to the local media that it is likely to suffer a loss of CNY1 billion as a result of reports of arsenic in certain of its soft drinks.

Jinan, China (December 14, 2009) /ChinaNewswire.com/ — For its dynamic and outstanding performance in China during the year, Millennium Hotels and Resorts has been awarded the 2009 International Hotel Group Excellence Award by Hotel Professional Executive at the International Hotel Investment Forum 2009 held in Jinan, China.
Millennium Hotels and Resorts' China hotels are strategically [...]

The Chinese marketing company Acorn International Inc. and U.S.-based Guthy-Renker have entered into an exclusive agreement for Acorn to market Sheer Cover cosmetics in China.

Beijing, China (December 11, 2009) /ChinaNewswire.com/ — Henk Meyknecht, Area General Manager for China, has been awarded by the World Hotel Association as "Top Ten Hoteliers in China 2009".
The World Hotel Association consists of several professional organizations within the Tourism and Hotel industry such as Travel Channel, Asian Council of America and World Hotel [...]

According to Ouyang Weimin, the director of the Payment System Department of the People's Bank of China, PBOC plans to issue licenses to Chinese online third-party payment platforms to bring more competition and a higher level of security into this sector of the industry.

Inspired by a dramatic increase in sales in the Chinese market, the global electronics retailer Best Buy has announced that it plans to open ten to fifteen new stores in China in 2010.