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China Market

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While bird flu is spreading wider and wider in China, it has also affected US-based Yum Brands Inc.’s results as its same store sales in the world’s second economy slumped approximately 20 percent in the first quarter ended March 23. However, still the fast-food giant appears to have got off problems lightly as it underlined that the first quarter profit dropped less than initially expected.

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China plans to impose additional duties on U.S. auto imports. China’s commerce ministry believes that vehicles were being dumped in the Chinese market, substantially hampering China’s domestic market. Shen Danyang, Ministry of Commerce spokesman, believes that this move is fair and based on the law.

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