ecns [expanded by feedex.net]
ecns
China stock index futures open lower Wednesday
http://www.ecns.cn/business/2013/07-03/71289.shtml
Jul 3rd 2013, 01:10
2013-07-03 10:10 Xinhua Web Editor: qindexing
China's stock index futures opened lower on Wednesday, with the contract for settlement in July, the most actively traded, down 9.6 points from the previous close to 2,150.4.
The contract for settlement in August shed 0.4 point to open at 2,155.0. The September contract decreased 5.8 points to 2,150.0, and the December contract opened 0.6 points lower to open at 2,175.6.
The stock-index contracts, agreements to buy or sell the Hushen 300 Index at a present value on an agreed date, are designed to allow investors to bet on and profit from either gains or declines in the market.
The index futures were launched at the China Financial Futures Exchange (CFFEX) and started trading from April 16, 2010. The CFFEX has set the base value for all the four contracts at 3,399 points.
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Tuesday, July 2, 2013
ecns [expanded by feedex.net]: Expats develop taste for organic dairy
ecns [expanded by feedex.net]
ecns
Expats develop taste for organic dairy
http://www.ecns.cn/business/2013/07-03/71291.shtml
Jul 3rd 2013, 01:17
2013-07-03 10:17 China Daily Web Editor: qindexing
Every four or six weeks, the Beijing-based rabbi Shimon Freundlich and his team buy 1,000 liters of fresh organic milk for members of the Jewish community in major cities across China.
Freundlich favors Green Yard, a small Chinese dairy brand barely known by most locals.
The "top notch" hygiene standards in Green Yard's dairy farm convinced him, he said.
Before Green Yard's first batch of kosher milk, Freundlich, who supervised production, invited a European dairy expert to examine the machinery and procedures at the Green Yard plant. The conclusion the expert reached was that the plant takes more extensive hygienic measures in its production process than some European dairy plants.
"They take their work very seriously. They're not trying to get away with the minimum standards but rather the maximum," Freundlich said.
The rabbi's trust in the brand reflects the growing popularity of Green Yard among expats in Beijing. So it's ironic that many Chinese don't like their products only because Green Yard is a domestic brand, said Hou Xuejun, general manager at Beijing Green Yard Ecological Agricultural Development Co Ltd.
Located in Yanqing county, Beijing, the Green Yard dairy farm is believed to be the first in the country to use certified organic fodder and organic raw material, as well as having certified production and processing lines.
The farm is home to 700 cows, with only 200 cows available for milking. The cows are played music and are fed organic feed mixed with traditional Chinese medicine.
Because of its limited daily production capacity, which is only 3 tons, the farm can only supply dairy products to 4,000 to 5,000 households.
The company provides fresh organic milk for 3,000 households every day. The milk is mostly sold through high-end local retailers in areas with foreign communities and through shopping websites such as Yihaodian.com and JD.com.
Green Yard's products usually cost two or three times more than other non-organic fresh milk brands.
Hou said that the cost of remaining organic throughout the production process is much higher than in the United States, for example, because the availability of suitable organic land in China is very limited.
The major problems in China for organic milk brands are milk sources and manufacturing bases, said Song Liang, a dairy industry analyst at the Distribution Productivity Promotion Center of China Commerce.
Song added that the manufacturing process and the raw material sources are very important factors for companies.
"Like in wine production, the location of the manufacturing bases for organic milk is very important," Song said.
He added that the quality of the products depends a lot on the manufacturing location.
Organic dairy products still have a small market share in China, Song said, with most of them being organic formula milk and organic milk.
Hefty retail prices, difficulties in obtaining certifications and lack of awareness among local shoppers have held back the development of the country's organic dairy industry, he said.
However, despite the current lackluster demand, the market has huge growth potential, supported by the demand from affluent consumers for high-end food.
Established dairy producers such as China Mengniu Dairy Co Ltd and Yili Industrial Group are eyeing the organic sector to expand their high-end range of products.
Yao Tongshan, chairman of Inner Mongolia Shengmu Technology Ltd, said that the market for organic dairy products in the Asia-Pacific region is expected to increase about 20.2 percent annually in the coming years.
He added that his company's organic milk business is expected to reach sales of nearly 1.4 billion yuan ($226.45 million) this year, with the retail network expanding to 260 cities across the country.
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ecns
Expats develop taste for organic dairy
http://www.ecns.cn/business/2013/07-03/71291.shtml
Jul 3rd 2013, 01:17
2013-07-03 10:17 China Daily Web Editor: qindexing
Every four or six weeks, the Beijing-based rabbi Shimon Freundlich and his team buy 1,000 liters of fresh organic milk for members of the Jewish community in major cities across China.
Freundlich favors Green Yard, a small Chinese dairy brand barely known by most locals.
The "top notch" hygiene standards in Green Yard's dairy farm convinced him, he said.
Before Green Yard's first batch of kosher milk, Freundlich, who supervised production, invited a European dairy expert to examine the machinery and procedures at the Green Yard plant. The conclusion the expert reached was that the plant takes more extensive hygienic measures in its production process than some European dairy plants.
"They take their work very seriously. They're not trying to get away with the minimum standards but rather the maximum," Freundlich said.
The rabbi's trust in the brand reflects the growing popularity of Green Yard among expats in Beijing. So it's ironic that many Chinese don't like their products only because Green Yard is a domestic brand, said Hou Xuejun, general manager at Beijing Green Yard Ecological Agricultural Development Co Ltd.
Located in Yanqing county, Beijing, the Green Yard dairy farm is believed to be the first in the country to use certified organic fodder and organic raw material, as well as having certified production and processing lines.
The farm is home to 700 cows, with only 200 cows available for milking. The cows are played music and are fed organic feed mixed with traditional Chinese medicine.
Because of its limited daily production capacity, which is only 3 tons, the farm can only supply dairy products to 4,000 to 5,000 households.
The company provides fresh organic milk for 3,000 households every day. The milk is mostly sold through high-end local retailers in areas with foreign communities and through shopping websites such as Yihaodian.com and JD.com.
Green Yard's products usually cost two or three times more than other non-organic fresh milk brands.
Hou said that the cost of remaining organic throughout the production process is much higher than in the United States, for example, because the availability of suitable organic land in China is very limited.
The major problems in China for organic milk brands are milk sources and manufacturing bases, said Song Liang, a dairy industry analyst at the Distribution Productivity Promotion Center of China Commerce.
Song added that the manufacturing process and the raw material sources are very important factors for companies.
"Like in wine production, the location of the manufacturing bases for organic milk is very important," Song said.
He added that the quality of the products depends a lot on the manufacturing location.
Organic dairy products still have a small market share in China, Song said, with most of them being organic formula milk and organic milk.
Hefty retail prices, difficulties in obtaining certifications and lack of awareness among local shoppers have held back the development of the country's organic dairy industry, he said.
However, despite the current lackluster demand, the market has huge growth potential, supported by the demand from affluent consumers for high-end food.
Established dairy producers such as China Mengniu Dairy Co Ltd and Yili Industrial Group are eyeing the organic sector to expand their high-end range of products.
Yao Tongshan, chairman of Inner Mongolia Shengmu Technology Ltd, said that the market for organic dairy products in the Asia-Pacific region is expected to increase about 20.2 percent annually in the coming years.
He added that his company's organic milk business is expected to reach sales of nearly 1.4 billion yuan ($226.45 million) this year, with the retail network expanding to 260 cities across the country.
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ecns [expanded by feedex.net]: Vendor told to compensate kid
ecns [expanded by feedex.net]
ecns
Vendor told to compensate kid
http://www.ecns.cn/2013/07-03/71293.shtml
Jul 3rd 2013, 01:20
2013-07-03 10:20 Shanghai Daily Web Editor: Wang YuXia
A street vendor has been ordered to pay more than 74,000 yuan (US$12,062) to the family of an eight-year-old boy who was scalded by a boiling pot that was on his tricycle, the Pudong New Area People's Court said.
The vendor, surnamed Chen, who sold breakfast, left his tricycle in the yard of his rented house when he finished work at noon on September 8, 2012, with a boiling pot on the coal stove still on it. The boy, identified as Fan Fan, hid behind the tricycle while playing with his friends and knocked over the pot, spilling the hot water all over him. Serious scalds were found on Fan's torso, hip, perineum, legs and arms after he was rushed to the hospital.
Fan's family filed a suit in the court and asked Chen to pay them over 90,000 yuan, including 60 percent of the medical fee and compensation for disability, 5,000 yuan for counsel fee and 6,000 yuan for mental suffering.
The court said Chen should compensate Fan for leaving dangerous object in public place and failing to guard it. But it also said Fan's parents were also to blame for not looking after the child.
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ecns
Vendor told to compensate kid
http://www.ecns.cn/2013/07-03/71293.shtml
Jul 3rd 2013, 01:20
2013-07-03 10:20 Shanghai Daily Web Editor: Wang YuXia
A street vendor has been ordered to pay more than 74,000 yuan (US$12,062) to the family of an eight-year-old boy who was scalded by a boiling pot that was on his tricycle, the Pudong New Area People's Court said.
The vendor, surnamed Chen, who sold breakfast, left his tricycle in the yard of his rented house when he finished work at noon on September 8, 2012, with a boiling pot on the coal stove still on it. The boy, identified as Fan Fan, hid behind the tricycle while playing with his friends and knocked over the pot, spilling the hot water all over him. Serious scalds were found on Fan's torso, hip, perineum, legs and arms after he was rushed to the hospital.
Fan's family filed a suit in the court and asked Chen to pay them over 90,000 yuan, including 60 percent of the medical fee and compensation for disability, 5,000 yuan for counsel fee and 6,000 yuan for mental suffering.
The court said Chen should compensate Fan for leaving dangerous object in public place and failing to guard it. But it also said Fan's parents were also to blame for not looking after the child.
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ecns [expanded by feedex.net]: Hong Kong stocks open 0.44 pct lower Wednesday
ecns [expanded by feedex.net]
ecns
Hong Kong stocks open 0.44 pct lower Wednesday
http://www.ecns.cn/business/2013/07-03/71288.shtml
Jul 3rd 2013, 01:09
2013-07-03 10:09 Xinhua Web Editor: qindexing
Hong Kong stocks moved down 90.09 points, or 0.44 percent, to open at 20,568.56 on Wednesday.
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ecns
Hong Kong stocks open 0.44 pct lower Wednesday
http://www.ecns.cn/business/2013/07-03/71288.shtml
Jul 3rd 2013, 01:09
2013-07-03 10:09 Xinhua Web Editor: qindexing
Hong Kong stocks moved down 90.09 points, or 0.44 percent, to open at 20,568.56 on Wednesday.
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ecns [expanded by feedex.net]: Transactions in commercial properties rise strongly
ecns [expanded by feedex.net]
ecns
Transactions in commercial properties rise strongly
http://www.ecns.cn/2013/07-03/71290.shtml
Jul 3rd 2013, 01:13
2013-07-03 10:13 Shanghai Daily Web Editor: qindexing
The volume and value transactions in Shanghai's commercial real estate market rose strongly in the first half of this year, according to a latest market research.
A total of 1.85 million square meters of commercial properties, comprising office and retail, were sold in the city in the six months, up 63 percent annually, said a report released yesterday by Shanghai Deovolente Realty Co. By value, commercial property sales totaled 39.46 billion yuan (US$6.38 billion) during the six months, an annual surge of 65 percent.
About 960,000 square meters of office space were sold for an average 22,206 yuan per square meter. Nearly 890,000 square meters of retail space were sold across the city for an average 20,353 yuan per square meter.
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ecns
Transactions in commercial properties rise strongly
http://www.ecns.cn/2013/07-03/71290.shtml
Jul 3rd 2013, 01:13
2013-07-03 10:13 Shanghai Daily Web Editor: qindexing
The volume and value transactions in Shanghai's commercial real estate market rose strongly in the first half of this year, according to a latest market research.
A total of 1.85 million square meters of commercial properties, comprising office and retail, were sold in the city in the six months, up 63 percent annually, said a report released yesterday by Shanghai Deovolente Realty Co. By value, commercial property sales totaled 39.46 billion yuan (US$6.38 billion) during the six months, an annual surge of 65 percent.
About 960,000 square meters of office space were sold for an average 22,206 yuan per square meter. Nearly 890,000 square meters of retail space were sold across the city for an average 20,353 yuan per square meter.
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ecns [expanded by feedex.net]: Highspeed rescue ship ready for action
ecns [expanded by feedex.net]
ecns
Highspeed rescue ship ready for action
http://www.ecns.cn/visual/hd/2013/07-02/21625.shtml
Jul 2nd 2013, 05:28
2013-07-02 14:21 chinadaily.com.cn Web Editor:Wang Fan
China's new fast rescue vessel Bei Hai Jiu 203 is put into action at Zhifu Island, Yantai, Shandong province, on July 1, 2013. Operated by Beihai Rescue Bureau, it will patrol the country's northern territorial waters. The vessel, which can carry 200 people on board, is fitted with equipment to enhance night rescues. [Photo/Xinhua]
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ecns
Highspeed rescue ship ready for action
http://www.ecns.cn/visual/hd/2013/07-02/21625.shtml
Jul 2nd 2013, 05:28
2013-07-02 14:21 chinadaily.com.cn Web Editor:Wang Fan
China's new fast rescue vessel Bei Hai Jiu 203 is put into action at Zhifu Island, Yantai, Shandong province, on July 1, 2013. Operated by Beihai Rescue Bureau, it will patrol the country's northern territorial waters. The vessel, which can carry 200 people on board, is fitted with equipment to enhance night rescues. [Photo/Xinhua]
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ecns [expanded by feedex.net]: Spending weekends in Dongjiangwan, China's Tianjin
ecns [expanded by feedex.net]
ecns
Spending weekends in Dongjiangwan, China's Tianjin
http://www.ecns.cn/visual/hd/2013/07-02/21629.shtml
Jul 2nd 2013, 05:35
2013-07-02 14:27 Xinhua Web Editor:Wang YuXia
Children carry a bucket of shells on the bathing beach in Dongjiangwan of north China's Tianjin Municipality, June 30, 2013. Many people came to Dongjiangwan to spend their weekends. (Xinhua/Zhang Chaoqun)
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ecns
Spending weekends in Dongjiangwan, China's Tianjin
http://www.ecns.cn/visual/hd/2013/07-02/21629.shtml
Jul 2nd 2013, 05:35
2013-07-02 14:27 Xinhua Web Editor:Wang YuXia
Children carry a bucket of shells on the bathing beach in Dongjiangwan of north China's Tianjin Municipality, June 30, 2013. Many people came to Dongjiangwan to spend their weekends. (Xinhua/Zhang Chaoqun)
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