China shuts meat producer supplying McDonald’s, KFC
China shuts meat producer supplying McDonald's, KFC (21 July) Shanghai has shut a factory of US food producer OSI Group for selling out-of-date meat to restaurant giants including McDonald's and KFC, authorities said Monday, in China's latest food safety scandal. A Shanghai television channel, which reported the original...
Starbucks latest to be hit by ‘rotten meat’ scandal
Starbucks, Dicos withdraw sandwiches as China launches nationwide probe into 'rotten meat' firm (22 Jul) - Starbucks has become the latest international chain to withdraw products from its shelves in the wake of the rotten meat scandal that has shaken China's fast food industry. The news came as China's food safety...
China faces 2nd corporate bond default amid world’s biggest debt
(17 July) - China faces what would be the second default in the nation’s onshore bond market after a builder said it may fail to make a payment next week, the latest sign of stress in the world’s biggest corporate debt load. Huatong Road & Bridge Group Co., based in the northern province of Shanxi, said it may miss a...
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