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CHINA: Food sector growth strides ahead China's food industry, which posted a year-on-year increase of 26.6 per cent in the January-July period, is expected to sustain a rapid and sound growth in the whole of 2004, industrial authorities said on Friday. "The food sector generated an industrial value of 869.89 billion yuan (US$104.8 billion) in the first seven months of this year, contributing nearly 10 per cent to the country's total," Wang Wenzhe, president of the China National Food Industry Association, told a press conference. Despite the surging prices of raw materials, power shortages and trade barriers, Wang envisions the food industry will grow at more than 20 per cent over the whole year, because "favourable conditions outweigh adverse ones." Quoting figures from the National Bureau of Statistics, Wang said sales of food firms already increased by 28.3 per cent year on year to reach 838.31 billion yuan (US$101 billion) between January and July. "The good performance is attributable to the country's enhanced efforts to bolster the agricultural sector's expansion, particularly supporting food processors," Wang said. "In addition, food firms have reacted and adapted themselves to match market demands." The appalling food poisoning cases earlier this year, in particular the fake milk powder scandal which led to 13 deaths and the malnutrition of 189 babies in Anhui's Fuyang, have prompted food producers to give top priority to food safety and nutrition, Wang said. The robust demands of consumers for safe food will in turn propel them to improve quality control and develop on a secure and sustainable footing, he said. As to food trade, Zhang Bingzheng, an officer of the General Administration of Customs, said on Friday the country exported US$10.69 billion worth of food products between January and July, up by 7.7 per cent over the same period last year, according to Zhang. Imports, however, soared by 50.6 per cent year on year to hit US$11.47 billion, producing a US$780 million deficit. China's food industry, which posted a year-on-year increase of 26.6 per cent in the January-July period, is expected to sustain a rapid and sound growth in the whole of 2004, industrial authorities said on Friday. "The food sector generated an industrial value of 869.89 billion yuan (US$104.8 billion) in the first seven months of this year, contributing nearly 10 per cent to the country's total," Wang Wenzhe, president of the China National Food Industry Association, told a press conference. Despite the surging prices of raw materials, power shortages and trade barriers, Wang envisions the food industry will grow at more than 20 per cent over the whole year, because "favourable conditions outweigh adverse ones." Quoting figures from the National Bureau of Statistics, Wang said sales of food firms already increased by 28.3 per cent year on year to reach 838.31 billion yuan (US$101 billion) between January and July. "The good performance is attributable to the country's enhanced efforts to bolster the agricultural sector's expansion, particularly supporting food processors," Wang said. "In addition, food firms have reacted and adapted themselves to match market demands." The appalling food poisoning cases earlier this year, in particular the fake milk powder scandal which led to 13 deaths and the malnutrition of 189 babies in Anhui's Fuyang, have prompted food producers to give top priority to food safety and nutrition, Wang said. The robust demands of consumers for safe food will in turn propel them to improve quality control and develop on a secure and sustainable footing, he said. As to food trade, Zhang Bingzheng, an officer of the General Administration of Customs, said on Friday the country exported US$10.69 billion worth of food products between January and July, up by 7.7 per cent over the same period last year, according to Zhang. Imports, however, soared by 50.6 per cent year on year to hit US$11.47 billion, producing a US$780 million deficit. Kontaktinformationen: ZEMIN LI Konsul für Wirtschaft und Handel Leiter der Wirtschafts- und Handelsabteilung des Generalkonsulats der Volksrepublik China in München Halmstr. 5 81369 München Tel.: 0049 (0)89-99 73 82 78 Fax:0049 (0)89-99 73 82 76 E-Mail: trade_munich@t-online.de lzm_munich@yahoo.de
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