China will not increase its cotton import quota next year beyond the 894,000-tonne quota it promised when joining the World Trade Organization, a Chinese official said Monday [22 September 2014]. “We will guide domestic textile enterprises to use more homegrown cotton,” Liu Xiaonan, an economic and trade official with the National Development and Reform Commission […]

China is expected to establish a new government organ in an effort to better protect natural resources, including minerals, water and forests, said a senior official. The establishment of a State-owned assets supervision and administration body on natural resources is still being mulled, said Yang Weimin, deputy director of the Office of the Central Leading […]

China’s top farming equipment manufacturers are seeking investment opportunities in Southeast Asia at the ongoing 11th China-ASEAN Expo held in Nanning in south China’s Guangxi Zhuang Autonomous Region. China National Machinery Industry Corporation (SINOMACH), the country’s first Fortune 500 company in the machinery sector, has launched an investment program in Vietnam and Thailand in an […]

OSI China announced wide scale layoffs on Monday [22 September 2014] after it was accused of supplying expired meat to fast-food giants including McDonald’s and Yum! Brands in July [2014]. A total of 340 workers will lose their jobs, including 226 employed by Shanghai Husi Company and 114 contractors to Shanghai Husi, OSI China said […]

Chinese farmers are eagerly anticipating support from domestic e-commerce giant Alibaba after it pledged to reinvest funds from its record initial public offering (IPO) into supporting them to sell their products online. The company, which has made a fortune from Taobao.com, its e-commerce platform connecting small businesses with millions of online buyers, set a world […]

Synlait Milk, which twice cut its earnings forecast, posted earnings growth that met revised guidance and said it plans to take a 25 percent stake Sichuan New Hope Nutritional Foods Co to gain a direct interest in a Chinese infant formula brand. Profit rose 70 percent to $19.6 million in the 12 months ended July […]

The Xinjiang Uygur autonomous region’s government launched a pilot program on Wednesday [17 September 2014] to allow local cotton growers to sell their produce at market price, ending the nationwide cotton purchase and storage policy that has been in place since 2011. In 2011, the central government introduced a plan to ensure that cotton farmers […]

The northern New South Wales processor is currently exporting between 20,000 to 30,000 litres to China per week. The co-op’s chief executive officer, Brett Kelly, says the next step is to increase the volume to 50,000 litres a week, but the long-term objective is to reach the 20-million-litre mark…Full Article: ABC Rural Sept 2014 Key […]

Min Fang, senior executive Officer of the Dubai branch of the Agriculture Bank of China (ABC), today rang the market-opening bell to celebrate the listing of a 1 billion yuan ($163 million; Dh590 million) bond on Nasdaq Dubai. ABC, China’s third-largest bank by assets, is the first Chinese issuer to list a bond on an […]

Indian rice exporters keen to tap the Chinese market want the Union Government to take up the issue of non-tariff barriers with visiting President Xi Jinping this week. China, which began importing rice for the past four years, has not granted access to the Indian non-basmati rice in absence of any defined phytosanitary norms between […]

Faced with slack petroleum and coal industries, the Heilongjiang government has adjusted emphasis to support the rising green food industry. It has made full use of local agriculture, forestry, animal husbandry and fisheries to speed up development of the sector, said the local government. The food industry’s added value increased 19.9 percent year-on-year in 2013 […]

Jordan Phosphate Mines Co. signed a memorandum of understanding on Monday [15 September 2014] with China’s Chongqing Minmetal and Machinery Import and Export Co. Ltd. to build a factory for producing fertilizers in Aqaba in south of Jordan, the state-run Petra news agency reported. The development of the factory will initially cost 350 million U.S. […]

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