The Chinese government expressed deep regret about the US decision to continually put the country on its "priority watch list" due to insufficient efforts in intellectual property rights protection, the Ministry of Commerce said on Thursday.
Starbucks Corp, the dominant coffeehouse chain in China's growing coffee market, posted a 26 percent jump in fiscal second-quarter profit and raised its full-year earnings outlook, helped by strong sales growth in its China/Asia Pacific segment.
Yum Brands Inc, the biggest foreign fast-food operator in China, said adverse publicity over tainted chicken and an outbreak of bird flu hurt its earnings and sales in the country, leading to an overall 26 percent drop in first-quarter profit for the company behind KFC and Pizza Hut.
China's central bank chief urged "relevant" countries to ratify reforms intended to increase the power of China and other emerging-market countries at the International Monetary Fund, as it and the World Bank concluded their spring meetings on Sunday.
For some non-Chinese foodies and tourists, the name Joe Soong has as much clout as the Michelin Guide in finding authentic Chinese food in San Gabriel Valley, widely considered to be the new Chinatown of L.A.