Beijing Enterprises Water Group Ltd., the biggest publicly traded water-treatment systems developer in China, reported a 44 percent increase in 2013 profit on “rapid growth” in sales and construction services.
China Mengniu Dairy Co., the country’s largest dairy producer, posted profit that beat analyst estimates last year as Chinese demand rose for liquid milk and milk beverages. The stock surged the most in 10 months.
China’s state broadcaster will tomorrow evening air its annual consumer rights program, which last year included allegations that later led Volkswagen AG to recall 380,000 cars and Apple Inc. Chief Executive Tim Cook to issue a public apology to its Chinese customers.
Indian companies supplying a quarter of the medicines used in the U.S. must take responsibility for the quality-control necessary to export their products, the top U.S. drug regulator said as it ramps up inspections.
U.S. regulators are mobilizing to shore up confidence in America’s generic-drug supply as alarm grows over the quality of products made in India, and the head of the largest U.S.-based maker of the medicines predicted more trouble lies ahead.
China unveiled a plan to elevate the food and drug regulator to a ministry-level body with broader powers, underpinning the government’s pledge to crack down on safety violations and better protect consumers.