Yihai Kerry, parent company of the Chinese edible oil maker Jin Long Yu, has confirmed that the company plans to formally increase the prices of some edible oil products by about 5%.
Chinese electronics and home appliances maker Midea has announced that it plans to invest CNY392 million to acquire a 32.5% stake in Egypt's Misr Air Conditioning Manufacturing Company (Miraco) from United Technologies Corporation.
The China National Development and Reform Commission has published the fourth issue of its energy efficiency labeling catalog, which says that six kinds of home appliances should be sold with energy efficiency label.
China's State Administration for Industry and Commerce has issued four measures to further strengthen market management and regulate how promotions are handled at retail outlets.
To control the price increases in China, the National Development and Reform Commission says it will take temporary measures to limit the prices of goods like grain, oil, meat, eggs and milk.