Chinese food companies help agricultural development

- Last updated on GMT

The establishment and development of leading food enterprises has
increased the industrialised operation of agriculture in China's
Ninth Five-Year Plan...

The establishment and development of leading food enterprises has increased the industrialised operation of agriculture in China's Ninth Five-Year Plan period (1999-2000), Asia Pulse reports. In 2000, the Ministry of Agriculture, the Ministry of Finance and the State Economic andTrade Commission officially designated 151 enterprises to industrialise agricultural production, most of which are emerging food processing enterprises. The Yili Group, for example, has established its own raw materials supply base in the mode of "company plus farmers" in Inner Mongolia, and has rapidly developed dairy, colddrinks, and fast frozen food products in series. This in turn has promoted the development of planning, breeding, packing and printing, commercial, andservice sectors. The group now owns 1.1 billion yuan of assets, runs 25 subsidiaries and employs 11,000 workers.

Related topics: Market Trends

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