China food industry records steady growth in production and sales

Published 2022년 3월 6일

Tridge summary

China's food industry experienced steady growth in 2021, with value-added industrial output rising by 7.7% for agricultural and sideline food processing, and by 8% for food manufacturing. The wine, beverage, and refined tea manufacturing sector saw the highest growth at 10.6%. Retail sales of grain, oil, and food reached 1.68 trillion yuan, up 10.8% year on year, and sales of beverages, alcohol, and tobacco grew by 20.4% and 21.2% respectively. By the first 10 months of 2021, food enterprises with an annual operating revenue of at least 20 million yuan generated profits of 475.7 billion yuan, marking a 4% increase year on year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

China's food industry reported steady expansion in terms of production and sales in 2021, data from the National Development and Reform Commission showed. The value-added industrial output of the agricultural and sideline food processing sector rose 7.7% year on year, while that of the food manufacturing sector climbed 8% year on year, the commission said. Last year, the sector of wine, beverage and refined tea manufacturing saw its industrial added value increase by 10.6 percent over the previous year. Retail sales of grain, oil and food topped 1.68 trillion yuan (about $263.9 billion), up 10.8% year on year, while those of beverage and ...
Source: China

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