Urbanization and a wealthier population will lift Chinese per capita consumption of fresh food by 17 percent in the next 10 years and consumers may benefit from lower food prices under China’s Belt and Road initiative, a report said on Wednesday [28 October 2015]. Chinese per capita consumption of vegetables, fruits, meat and dairy products will hit nearly 700 [sic] kilograms a year in 2025, according to a study by Netherlands-based Rabobank and Wageningen University…Full Article: ECNS.cn Oct 2015
- By 2025, China will reportedly have CNY 2 trillion (US$315 billion) of online/e-commerce fresh food sales. Approximately 13% (~US$41 billion) of these online sales will be comprised of imported fresh foods.
- A railway link connecting Chongqing (southwestern China) to Rotterdam, Netherlands, would theoretically shorten transportation time by more than a month versus traditionally sea shipping.
- In September 2015, Beijing, Shanghai, Guangzhou, and other cities in East China’s Yangtze River Delta and South China’s Pearl River Delta region will purchase approximately CNY 20 billion (US$3.13 billion) worth of high-quality fresh food in 2016. The fresh food would have the same quality standards as those found in Hong Kong.
- In February 2014, Yili (Chinese dairy company) inaugurated a dairy research and development facility in Wageningen University, Netherlands.