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China’s factory inflation picks up on commodity

Bloomberg China’s factory inflation accelerated faster than expected in May as the price of commodities such as crude oil and metals increased. The producer price index rose 4.1 percent from a year earlier, compared with a projected 3.9 percent increase in a Bloomberg survey of economists and a 3.4 percent gain in April. The consumer price index climbed 1.8 percent ...

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Beijing to impose anti-dumping duties on broiler-chicken products from Brazil

Bloomberg China plans to impose anti-dumping duties on purchases of broiler-chicken products from Brazil, the country’s top supplier, citing a 10-month investigation that said surging imports damaged the domestic breeding industry. Importers will pay a deposit of as much as 38.4 percent to Chinese customs on purchases effective, the Ministry of Commerce said in a preliminary ruling following initial findings ...

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Xiaomi wins HK stock exchange nod for IPO

Bloomberg Xiaomi Corp. has won Hong Kong stock exchange approval for its planned initial public offering, which would be the first listing in the city with weighted voting rights, people with knowledge of the matter said. The smartphone maker passed its so-called listing hearing on June 07, said the people, who asked not to be identified because the information is ...

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