Sunset over Pudong, by dbmboise.
- China’s largest meat processor Shuanghui Group has apologised after the illegal additive Clenbuterol was found in its meat products. Clenbuterol is a chemical sometimes added to pig feed to prevent pigs from accumulating fat, and is banned because it can be toxic for humans.
- A UBS emerging-markets economist has declared China’s property industry “the single most important sector in the entire global economy.”
- Local employees of MNCs can expect an average 10% pay increase this year, but if you’re a top-tier executive in the right indusry, you could see your pay go up by as much as 60%.
- Chinese airlines are putting on additional flights to and from Japan in response to the government’s decision to begin evacuating Chinese citizens from areas worst affected by the earthquake, tsunami and nuclear crisis.