According to Nestle senior company officials last Friday, in spite of the global economic slow-down and the impact of the recent milk crisis, China will remain one of the fastest-growing markets with the biggest growth potential for Swiss food and beverage giant Nestle.

Patrice Bula, Chairman and CEO of Nestle China said on Friday, “Nestle China’s sales growth was still strong so far this year, partly due to the high standard products provided for China’s market, which were attested with no melamine.” He also added that Nestle China is expected to see double-digit growth in its sales revenue this year. Read more…

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To follow its aim of developing a “low-carbon” economy, Chinese companies should establish “joint ventures” with technology groups in developed countries, a leading British economist has said.

Nicholas Stern, a former UK government advisor famous for his report on climate change, said this idea can help China benefit from energy efficient and environmentally friendly technologies developed in other countries.

Stern, now an economics and government professor at the London School of Economics and Political Sciences, gave his speech during an interview with China Daily last Friday when he met representatives from various fields in China to help Read more…

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