China

Pernod Ricard Says Virus Woes Will Continue To Weigh On Q2

French spirits maker Pernod Ricard said sales are likely to return to growth in the second half of its 2020/2021 fiscal year, although the downturn in trav...

China Forecasts Lunar New Year Pork Supplies To Be 30% Higher Than Year Ago

Pork supplies during the upcoming Lunar New Year holiday in China, the world's top consumer, will be 30% higher than a year ago, an agriculture offici...

Smithfield Foods CEO To Retire In Early 2021

Smithfield Foods Inc, the world's largest pork processor, has said that its president and chief executive officer Kenneth Sullivan will retire in early 202...

Alibaba Shops For Hypermarket Chain Sun Art In $3.6bn Deal

Alibaba Group Holdings said on Monday it will invest $3.6 billion to acquire a controlling stake in hypermarket operator Sun Art Retail Group Ltd, gaining...

China September Meat Imports At 834,000 Tonnes: Customs

China imported 834,000 tonnes of meat in September, customs data showed, similar to last month, as the country continues stocking up on protein after a plu...

China's Exports Seen Sustaining Recovery In September As Markets Reopen

China's exports likely posted a fourth straight month of gains in September as more trading partners reopened their economies, a Reuters poll showed,...

China Temporarily Suspends Beef Imports From Minerva Brazil Plant

China is to temporarily suspend imports from a beef plant owned by Brazilian meatpacker Minerva SA for a week, in the latest suspension amid concerns over...

China's Pig Herd Rebounds After Swine Fever

China's huge pig herd is rebounding rapidly after being decimated by disease but pork output will take much longer to restore given the low quality of the...