e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

ECONOMY
THIS WEEK> THIS WEEK NO. 40, 2013> ECONOMY
UPDATED: September 27, 2013 NO. 40, OCTOBER 3, 2013
Economy
Share

BRIDGING THE GAP: Pictured is the Qiansimen Bridge, which crosses the Jialing River in Chongqing, on September 23. The two sections of the bridge are to be joined at the end of October this year. The bridge will give local residents more convenience when traveling across the city (ZHOU HUI)

Rotten Fruit Juice

China's food watchdog said it had ordered investigations into four beverage groups whose juice products were reportedly made from rotten fruit.

The announcement came after four companies based in the provinces of Anhui, Jiangsu and Shandong, including two branches of Beijing Huiyuan, the country's top juice maker, were accused in recent media reports of using rotten and unripe fruit to make juice.

The China Food and Drug Administration said on September 23 in a statement that preliminary investigations found no rotten fruit. Indeed Shandong Huiyuan, a branch of Beijing Huiyuan, hasn't produced any juice since December last year.

According to the statement, the two companies in Anhui have been ordered to suspend their operations and cooperate with law enforcement departments in further investigations.

"Related provincial food and drug administrations will handle these cases if further investigations find violations," the statement said.

Microsoft JV in China

BesTV New Media Co. Ltd., a Shanghai media company, said on September 23 that it's planning an entertainment development venture with Microsoft. The company has a registered capital of $79 million.

BesTV New Media said in a bulletin posted on the Shanghai Stock Exchange that it will hold a 51-percent share and Microsoft 49 percent in the joint venture, initially named E-Home Entertainment Development. The total investment of both sides will reach $237 million.

The new company's board chairman will be chosen by BesTV and the chief executive officer by Microsoft.

The joint venture is expected to be set up in the newly established pilot free trade zone in Shanghai and will develop games and related services.

BesTV, a subsidiary of Shanghai Media Group, boasts 18 million IPTV subscribers with its businesses in China, Southeast Asia and Eastern Europe.

   Previous   1   2  



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved