CHINA: Review of ninth Five Year Plan highlights successes in food industry
Reviewing the development of China's food industry since 1996, market experts are content that the objectives of the ninth Five-Year Plan (1996-2000) have been achieved. Food production in China has grown to meet domestic demand in terms of quality, variety, function, grade and packaging. The industry itself has grown an average rate of 10.2% a year over the last decade, and the National Bureau of Statistics have released statistics that show how food manufacturing has grown by a dramatic 14.4% over the last year. Processing meanwhile expanded by 0.76% faster than the growth rate of the whole food industry.
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