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March 21, 2008
Yum! Brands reports 30% profit jump in China last year
Yum! Brands Inc, the world's largest fast food chain operator, realized a 30 percent profit increase in the Chinese market last year. The operator of KFC, Taco Bell and Pizza Hut stores in China registered 21.5 billion yuan (about 3 billion U.S. dollar...
February 25, 2008
McDonald's Quietly Raises Prices In China
McDonald's quietly published new price quotes at its outlets starting Feb. 23, involving rises of between 5% and 10%, or 0.5 yuan to 1.5 yuan, for almost all products: burgers, soft drinks, French fries. This followed three separate price increases las...
February 07, 2008
China Imposes Anti-Dumping Tax of 17-35% on EU Potato Starch Importers
According to the Chinese state press, the Ministry of Commerce has started to impose an anti-dumping tax on potato starch imported from the European Union since yesterday. Importers of potato starch are required to pay an anti-dumping tax of 17 to 35%....
January 29, 2008
McDonald's says to open 150 outlets in China in '09
McDonald's Corp, the world's largest fast-food chain, plans to open 150 outlets in China in 2009, the company's top China executive said on Tuesday, as competition heats up in the rapidly expanding market. The company expects to maintain 15 percent ann...
January 29, 2008
McDonalds dice que aumentara presencia en China
McDonald's Corp, la mayor cadena de comida rápida del mundo, está incrementando su presencia en China gracias al aumento tanto de los ingresos como del apetito por la comida occidental, tendencias que también han identificado sus rivales. McDonald's ... Sponsored Content
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December 23, 2007
Profile of Jerry Schafer, VP and COO at McDonald's China
It's a long way from the east side of Detroit to the east side of China, but that's the story of Jerry Schafer's career under the Golden Arches. Schafer, 53, is senior vice president and chief operating officer at McDonald's China. He grew up in the ...
December 10, 2007
Wal-Mart to grow by more than 30 pct annually in China
Wal-Mart Stores Inc (WMT.N), the world's biggest retailer, said it will keep expanding in China at more than 30 percent annually, as it won government approval to open its 100th store in the fast-growing consumer market. The U.S. retail giant currently...
December 07, 2007
P&G says Pringles not made with banned additive
Pringles potato chips are not made with an additive banned in China, Procter &Gamble Co, which markets the potato chips, said on Friday. China state media had reported on Friday that a batch of chips had been blocked from import. The batch of bar...
December 05, 2007
Pringles taken of the shelf in Hong Kong potassium bromate cancer scare
Packets of the popular snack Pringles were Wednesday removed from Hong Kong supermarkets after tests in mainland China found them to contain a cancer-causing chemical. Barbecue-flavoured packets of the potato crisps were taken off sale in Wellcome, one...
November 24, 2007
McDonald's takes slow-growth path to expansion in China
For years, McDonald's Corp. executives have boasted of endless opportunities in China, one of the largest untapped regions for the world's biggest burger chain. Yet the Golden Arches' brain trust isn't lovin' it enough to ramp up expansion in one of ...
November 01, 2007
Sam Asiedu receives Friendship Award for potato research in China
Halting the collapse of potato production in the largest spud producing country in the world has led to a prestigious award for Sam Asiedu. This Canadian scientist from Truro was one of 50 scientists from 20 countries to be awarded the Friendship Award...
October 21, 2007
Gain Report: Potato and Frozen Potato Products in China 2007
China fresh potato production in MY07/08 is forecast at 75.6 million tons, up 5 percent from the previous year as a result of growing consumer demand. Average fresh potato prices have risen 15 percent annually over the previous three years. Processed ...
October 13, 2007
China zet vol in op aardappelteelt
China gaat de teelt van aardappelen en de verwerking ervan fors stimuleren. Het aardappelareaal moet in drie jaar tijd met 1,67 miljoen hectare toenemen naar 6,67 miljoen hectare. China wil zo de onafhankelijkheid op akkerbouwgebied veiligstellen en ...
September 11, 2007
McDonald's hastens development in China to take bite out of Yum Brands
For nearly two decades in China, the KFC logo has enticed the hungry with the promise of juicy, crispy chicken. Now, Yum Brands Inc. - which owns KFC and Pizza Hut as well as Taco Bell in the U.S. - has some competition for the cravings of Chinese dine...
August 31, 2007
China finds 'dangerous and poisonous substances' in french fries imported from the US
China is now accusing the United States of shipping contaminated products there. It's the latest round in the battle over unsafe products. China's safety chief says tests found "poisonous and dangerous substances"in almost 22 tons of frozen...
August 15, 2007
Grow potatoes not rice, China's farmers are told
As drought continues to wreak havoc on China's farmland, agriculture experts are considering moving away from the traditional staple food - rice - and encouraging farmers to plant potatoes instead. "The potato is more drought-resistant than rice ...