Toothpaste, pet food and tyres are a handful of exports from China that have had their provenance questioned in recent years. Add to that list the country’s impressive GDP figures, which have telegraphed two decades of extraordinary economic growth. (more…)
The jug of cooking oil may not occupy pride of place in your kitchen, but in China it has become an unlikely gauge of the country’s economy. The Financial Times and Wall Street Journal (subscriptions required) both reported Wednesday that a major producer of cooking oil in China, Wilmar International, had raised the retail price of its products by 5%.