China's biggest exchange-traded fund (ETF) jumped more than 6 per cent yesterday in record turnover, in the clearest sign yet that money from Chinese brokerages, mutual funds and sovereign wealth funds could be flowing into blue chips as part of a rescue package unveiled over the weekend.
Food and drug safety in China is “grim” and will get stronger oversight, the food and drug regulator said on Wednesday, after a series of scares last year hit the reputations of global firms such as McDonald’s and Wal-Mart.