Kweichow Moutai Predicted Net Profit Up 15% For 2019
Chinese liquor maker Kweichow Moutai recently published its production and operation status for 2019.
liquor
CR Vanguard, Tesco JV Agreement Approved By Chinese Government
The joint venture agreement between CR Vanguard and Tesco has been approved by Chinese authorities, and the two parties will form a diversified retailing joint venture for businesses in Greater China.
Asahi Breweries Expands Business In China
Japanese beer manufacturer Asahi Breweries has announced that it plans to become one of the world's top ten food companies, through acquisition and by expanding its business in China.
Consumer Product Retail Sales Up 17% During Chinese New Year
According to statistics from China's Ministry of Commerce, China's retail sales hit CNY340 billion during the "golden week" of Spring Festival 2010, which was an increase of 17.2% over those of the same period in…
China's Wuliangye Net Profit Up 79.45% In 2009
A leading Chinese alcohol company Wuliangye has published its annual performance report for 2009, stating that net profit attributable to the shareholders of its listed unit increased by 79.45% year-on-year, to CNY3.249 billion.
Beijing Restaurant Fined For Selling Fake Moutai Alcohol
Beijing Dongcheng District Court has sentenced Beijing Tianzan Food Service Company to pay CNY120,000 to the Guizhou Moutai Distillery for selling fake Moutai liquor.
China's CPI Rose In February
According to just-released February statistics from China's National Bureau of Statistics, the consumer price index was up by 8.7 percent over the same month last year.
Asahi Breweries Enters China's Wine Sector
Asahi Breweries and Marubeni Corp will jointly establish a joint venture with a Chinese enterprise to manufacture and sell wines. This is the first time for the Japanese food industry giants to enter China's wine…