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China's Sugar Industry Exchange Opens Website
China's sugar industry exchange has set up an Internet website on a trial basis.
As a state-level exchange market, the website is jointly funded and set up by China Sugar Industry Association and 11 large sugar enterprises, including four companies listed on stock exchanges, five local enterprises and two enterprise groups.
The sugar output of the enterprises accounts for 35 percent of the total in the country.
Experts on China's sugar industry say that the website will provide advanced services to tap the potential of resources in the sugar industry, and call for more sectors to promote the development of a large sugar market in China.
They say that the operation of the website will also rectify the backward tendency in the exchange mode of China's sugar industry, and make the industry more efficient.
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