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China Market Opportunities:Huge Import Demand
China is the world s most populous country with 1.35billion people.With the optimization of China economic structure and the improvement of people lives, Chinese people's consumption ability had been greatly raised, thereby they begin to pay more attention to imported food for its highly quality. According to the informati of China Statistics Bureau, the total retail sales of goods up to 5,871.1billion in the first half of 2009, increased 15% year-on-year, therein, foodstuff's growth rate is 12.6% . As of August 2009, China CPI rose 3.9% year-on-year. Estimation from the U.S.Food Industry, China will be the biggest food-imported country in globel,and the import-value will reach 480 billion. As per the statistic of China Statistic Bureau and China's General Administration of Customs, we made some diagrams for you to know more about the china food marketplace.
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2005~2008 Foodstuff industry Total Imports value:
Year Total imports(USD billion) Growth rate year-on-year
2005 37.59 6.8%
2006 40.36 7.4%
2007 44.7 9.1%
2008 49.8 13%
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2008，the ten Top imported com modity proportion in China
Items Total imports Increasing rate
(USD million) year-on-year
Wine & Spirit 370 50%
Vegetable Oil 124 11%
Beverage 110 34.1%
Nuts 84.4 22%
convenient food& 79 13%
Expanded food
seasoning 269 100%
Sugar 76.7 3%
Cooked meat product 114 1.3%
Canned 64 2.1%
Grain Product 54 2%
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