Sales of China's supply and marketing cooperatives up 11% in 9 months

13:31, November 05, 2009      

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The combined sales volume of China's supply and marketing cooperatives rose 11 percent year on year to 826.04 billion yuan (121 billion U.S. dollars) nationwide in the first nine months this year, a senior official told Xinhua Thursday.

Li Chunsheng, vice president of the All China Federation of Supply and Marketing Cooperatives, said the total sales of the third quarter hiked 22.8 percent year on year despite the adverse effects of the global economic slowdown, without giving specific figures.

Chinese government approved a plan Wednesday to push forward the reform and development of the country's supply and marketing cooperatives to advance the development of the rural economy.

China's supply and marketing cooperatives, with a history of more than 80 years, have served as an important platform for the distribution of agricultural products in the rural areas.

Source:Xinhua
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