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Chinese consumer demand for high-quality products & foreign tastes is rising rapidly

IMPORTS are a bright spot in China’s food sector, as increased spending power prompts consumers to seek high-quality products or try foreign tastes new to them.

Retail sales of packaged foods in 2016 is estimated at 12.5 trillion yuan (US$1.8 trillion), adding 7.5 percent from a year ago, according to Euromonitor International. The Institute of Food Technologies expected China’s imported food sales to grow 15 percent annually and reach 480 billion yuan by 2018.

READ FULL ARTICLE AT: https://www.shanghaidaily.com/business/biz-special/Adventurous-food-trend-benefits-imports/shdaily.shtml

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