Due to food safetyconcerns, the public, especially the urban middle class, is increasinglyturning to organic food products. As of 2013, China had 731 certified organicfood companies with annual sales reaching 13.48 billion yuan. The rapiddevelopment of the market has even prompted investors with no agriculturalexperience to join the fray, such as Wanda Group, conglomerate Legend Holdings,and beverage giant Huiyuan.
Organic food isnot only a hot topic in China; the term “organic” is a buzzword worldwide. Thedifference is that European consumers’ love for organic food is not primarily dueto concerns over food safety. Instead, it is more about reducing the damagechemical fertilizers and pesticides do to the environment in order tocompensate for the ecological environment.
Editors’ Picks »
- 1China to Cut Reserve Ratio for Some Rural Banks
- 2China M2 up 12.1Pc, Outstanding Yuan Loans 13.9 Pc in March
- 3Delayed Response to Tainted Water Raises Concerns
- 4China's FDI Inflow down 1.47% in March
- 5China's MMG to Acquire Las Bambas
- 6China’s Rare Earth Exchange Begins Trading Following WTO Ruling
- 7Alibaba’s Q4 Net Income More than Doubles Ahead of IPO
- 8China Trade Fair Shadowed by Weak Exports
- 9Embassy Says 2 Chinese Nationals Aboard Capsized S.Korean Ship
- 10South Korean Ferry Sinks off South Coast