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March 30, 2017

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Hershey Co, the biggest chocolate maker in North America, will cut about 2,700 jobs from its global work force because of declining overseas sales, especially in China where its 2013 purchase of Shanghai Golden Monkey (SGM) has turned out to be more of a problem than a business builder.
Lord Mayor sees crucial role for Beijing in post-Brexit era
Strengthening relations with Beijing is vital for the British capital, amid the uncertainty of Brexit, said the Lord Mayor of the City of London following his visit to China.
Downton Abbey boosts UK tea in China
A growing taste for meat, dairy, beer and "afternoon tea" products among Chinese consumers contributed to a 51 percent increase in British food and drink exports to China in 2016, making it the United Kingdom's fastest growing market.
Telecom reformer rides sharing economy model
In a quiet street in western Beijing stands a building, not new, not tall, not clad in fancy glass common to modern high-rise office towers. In fact, the building is so ordinary looking that you would barely notice it when passing by.
China's outbound mergers and acquisitions are likely to decline slightly this year, due to the changing global environment, experts said.
China does not intend to introduce a "flood irrigation" type of strong stimulus plan and should avoid new excessive capacities and redundant construction projects, said a senior official of the country's top economic planner.
Coal's decline looking like trend
The decline of China's coal usage may have become a long-term trend, according to experts, after official data on Tuesday showed that coal burning in 2016 dropped for the third consecutive year.
China's labor minister says Beijing will cut another 500,000 jobs this year from steel, coal and other heavy industries to reduce excess production capacity that's flooding markets and depressing global prices.
Chinese factory activity expanded in February, data showed Wednesday, the latest sign of stability in the world's number two economy.
ADB package set to boost green growth
The Asian Development Bank signed its first onshore local currency complementary loan syndication agreement worth $100 million on Tuesday to support Dynagreen Environmental Protection Group Co Ltd ...
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