Walmart facing food safety issue scrutiny

China's top market regulator has summoned executives of Walmart's Chinese operations over repeated food safety violations at Sam's Club stores. The State Administration for Market Regulation said on Monday that it had recently conducted a regulatory interview with executives of Walmart China — which operates Sam's Club in China — following what it described as a series of food safety issues discovered at both physical stores and online outlets over an extended period.

Yuan loans grow in first five months

China's yuan-denominated loans rose by 9.11 trillion yuan ($1.34 trillion) in the January-May period, central bank data showed. At the end of May, outstanding yuan loans stood at 281.02 trillion yuan, up 5.5 percent year-on-year, said the People's Bank of China.

CHINA DAILY