Help | Sitemap | Archive | Advanced Search | Mirror in USA   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  WAP SERVICE
  FEATURES
  PHOTO GALLERY

Message Board
Feedback
Voice of Readers
China Quiz
 China At a Glance
 Constitution of the PRC
 State Organs of the PRC
 CPC and State Leaders
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror
 
Tuesday, October 31, 2000, updated at 10:18(GMT+8)
Business  

Food Sector to Face Fierce Competition With Entry into WTO

Half of the food enterprises in Beijing will be swept out of the market in the next decade, said a senior expert.

Li Shijing, deputy director of the Beijing Food Industry Association, said only 5,000 food companies in Beijing will be able to survive the intensive competition from overseas food giants that will flock into the domestic market after China joins the World Trade Organization (WTO).

Foreign food products occupy almost half of the Beijing market in terms of sales. Imports include milk, chewing gum, chocolate, flour and ice cream, Li was quoted as saying by Tuesday's Chinadaily.

Of the top 10 selling food products in Beijing, over three fourths have foreign names, he said.

Compared with imported food products, Chinese-made food products are uncompetitive as a result of their poor quality, packaging and marketing.

"Our food companies are on relatively small scales and find it hard to compete with overseas giants," he said.

China's food industry had turnover of about 80 billion US dollars in 1999, only one-fourth of that of the US food industry, Li said.

With China's impending entry into the WTO, the restructuring of China's food industry is inevitable. Most small companies without specialized products will be eliminated from the market, he predicted.

China has enormous potential in the sector as the strong purchasing power of its massive population still remains largely dormant. Experts believed Beijing could double its food retail sales to 100 billion yuan by 2010.




In This Section
 

Half of the food enterprises in Beijing will be swept out of the market in the next decade, said a senior expert.

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved