SHANGHAI—The Chinese regime will require that domestic firms in sectors off-limits to foreign direct investment, such as Internet news and publishing, receive clearances from regulators before they can list their shares outside the mainland. The National Development and Reform Commission (NDRC) announced the new rules on the clearances on Monday in a statement that also…
China’s Pig Farmers Brave Slumping Pork Prices, Possible Shutdown
Pig farmers in China are in a financial pickle as the country’s pork prices slump. Unfavorable Chinese policies make it difficult for farmers to sustain their businesses. Earlier this year, hog farmer Zhao Kai (an alias), bought a small number of piglets each costing over 1,500 yuan (about $235). His investment has become a financial…
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