# Chongqing SASAC

China’s Fuling Zhacai Sees Rapid CEO Turnover as Growth Stalls and M&A Falls Apart

Fuling Zhacai has replaced its CEO for the second time within five months as weak sales growth and declining volumes in its core pickled-mustard business pile pressure on the company. A planned acquisition to diversify revenue was abandoned after parties failed to agree on key terms, leaving strategic questions about how the firm will escape its growth bottleneck.