Grass Industry Has Good Reason to Prosper in ChinaChina's Largest township enterprise, the Hengdian Group in east China's Zhejiang province, is currently inseminating grass seeds on 200 hectares of land.Top executives with the group anticipate that the grass will bring this large magnetic products producer 10 billion yuan of output value and two billion yuan of income in ten years' time. More and more enterprises in China, including Hengdian, have come to realize that grass, a seemingly negligible object, can be enormously lucrative, as its demand is increasing, and in huge quantities. Increasing urban sprawl, construction of high-ways, mushrooming sports stadiums and amusement parks are all waiting to be dotted by grass. Due to a lack of good-quality grass, import of grass seeds has jumped 80 percent on a year-on-year basis. The export volume rose by 250 times during the past decade or more. It is estimated that 300,000 tons of grass will be needed annually in the following years, as grassed areas in China will leap by 30 to 50 percent each year. Meanwhile, the booming grass industry can provide feed for stock-raising, which devours 30 percent of the country's total grain production a year. Now that China has about 400 million hectares of land fit for grass growing, three times the area of cultivable land, the grass industry has good reason to prosper. |
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