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Reuters in Shanghai

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.

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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.

Ivory Coast striker Didier Drogba has asked Fifa for special permission to leave China’s Shanghai Shenhua on loan before the January transfer window.

China’s foreign direct investment inflows fell 3.45 per cent in the first 10 months of 2012 from a year ago, extending the longest run of decline in three years as uncertainty about the global economic outlook clouds corporate spending plans.

China’s Foreign Ministry urged Turkey and Syria to exercise restraint amid mounting border tensions which saw Turkish artillery hit targets inside Syria after five Turkish civilians were killed by Syrian fire.

Japanese firms have shut factories across China after angry protests flared amid a territorial dispute that has triggered one of China’s worst outbreaks of anti-Japan sentiment in decades.