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November 23, 2009

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Output of food to top US$717b

THE output value of China's food industry is expected to grow 16.7 percent year on year, according to the China National Food Industry Association.

Liu Zhi, CNFIA's executive vice chairman, told the Seventh China Food Safety Annual Meeting held in Beijing on Saturday that the output value of the country's food industry was set to top 4.9 trillion yuan (US$717 billion) this year.

In the first five months of this year, the output of the domestic food industry was 1.82 trillion yuan, a rise of 14.6 percent over the same period last year.

China's food industry has grown rapidly recently and the food safety situation is improving, said Xiang Yuzhang, chief inspector of the General Administration of Quality Supervision, Inspection and Quarantine.

Xiang said the food safety regulator inspected 1 million food producers, and checked 70,000 cases this year.

The rate of qualified food products was 98.5 percent in the first half of this year, said Xiang.


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