The move continues the Seattle-based company’s pattern of buying companies that differ from itself, either culturally or in their business model. Past examples include online shoe specialist Zappos and?daily deal site Woot.com, both of which have also continued as standalone sites.
The ministry's move followed a request from the China Alcoholic Drinks Association that claimed the surge in imports of wines from Australia in recent years at decreasing prices has threatened the domestic wine industry.
The ministry's Kinki local finance bureau drew up the roughly 4,000-page documents in 2015 and 2016 on the approval of the Moritomo Gakuen deal as well as attached papers. The originals included passages pointing out the "exceptional" nature of the deal, among other unusual references. However, these phrases had been erased or changed in documents submitted to parliament members after the land sale came under scrutiny starting in February 2017. References to Akie Abe and some influential politicians from the ruling Liberal Democratic Party were also erased.
The move is in line with Nestle's new strategic direction for its waters business that has prioritized its iconic international water brands, especially its leading premium mineral water brands and functional water products.
The move came after a high-level guideline released in April specified a slew of tasks to promote market-based allocation of production factors, including pushing ahead the connection of bond markets.
The move comes after a video was shared online on Thursday featuring two 14-year-olds from Liangshan's Butuo county fighting in a ring similar to the kind used for mixed martial arts.
昆明正规医院做人流
The much-criticized tweet was posted a day after Trump stirred controversy by telling an Asian American reporter to "ask China" when pressed on why he continues to bring up the US coronavirus testing capacity.
The moves come as advances in artificial intelligence technologies and smart home IoT device ecosystems are expected to connect smart TVs with other home appliances and hardware to offer a more intelligent life and work environment for consumers.
The municipal government has approved a subsidy plan worth 3 billion yuan for the trade-in scheme.
The move came amid a major overhaul of China's VAT system.