As China opens its grain industry to foreign competition in line with its WTO commitments, China Business News reports on a sector that has lost control to foreign giants.

Is China to blame for soaring global food prices? Not as much as everyone seems to think says Nicholas Lardy, an economist with the Peterson Institute of International Economics in Washington. Lardy is quoted in the second instalment of a five-part series on world food prices by NPR. And China's rice farmers certainly don't seem to be reaping the ben...

As expected, the value of the yuan against the euro dominated discussions at Wednesday’s China-EU Summit. In the lead-up to the big day, China Business News asked some experts from the China side whether an undervalued yuan really was responsible for China’s growing trade surplus with Europe

Investment in China’s shopping mall sector is booming, but as Jin Jing writes in the Shanghai Daily, it is a case of too much too soon.

Japan’s largest supermarket retailer Aeon plans to triple its stores in China over the next five years, the Economy Daily reported. It has 1,360 outlets in Japan, but only 35 in China. However, according to its chief representative in China, sales growth has stalled in Japan due to a declining and aging population. The company is looking to other Asian markets for expansion, which currently make up less than 5% of total revenues. Chinese vice premier Wu Yi predicted China was very likely to overtake Japan as the world’s No 2 goods consumer by 2010. Under WTO accession commitments, international retailers are allowed to do business in China without teaming up with a domestic partner. American retail giant Wal-Mart has 78 stores in China, while the world’s number two retailer, France's Carrefour, has 95.

Japan’s largest supermarket retailer Aeon plans to triple its stores in China over the next five years, the Economy Daily reported. It has 1,360 outlets in Japan, but only 35 in China. However, according to its chief representative in China, sales growth has stalled in Japan due to a declining and aging population. The company is looking to other Asian markets for expansion, which currently make up less than 5% of total revenues. Chinese vice premier Wu Yi predicted China was very likely to overtake Japan as the world’s No 2 goods consumer by 2010. Under WTO accession commitments, international retailers are allowed to do business in China without teaming up with a domestic partner. American retail giant Wal-Mart has 78 stores in China, while the world’s number two retailer,  French Carrefour, has 95.