Indian food tastes turn premium amid Covid outbreak

Despite the Covid-19 outbreak having impacted Indian consumers’ spending power, their food tastes are increasingly turning towards more premium products, according to a report of the US Department of Agriculture. Perceived as being more hygenic and safe, domestic consumers are increasingly buying packaged food products ranging from pasta and noodles to sauces and savory snacks. […]

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China’s economy stabilises, grows slightly higher than expectations

China’s economy grew slightly faster than expectations in the second quarter of 2016, holding steady from the first quarter and fuelling hopes that the economy has entered a steady but slower period of development, state-owned Xinhua news agency said. The country’s gross domestic product (GDP) grew 6.7 percent year on year in the second quarter, […]

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