China’s recent food issues: An opportunity?

In August 2014, a junior school student in Sichuan province bought 70 small cakes to treat classmates on her birthday. However, after eating those cakes, 27 students began vomiting and having stomachache. Then they all were sent to hospital to receive medical treatment.

According to the article from Hong Kong, South China Morning Post, China decided to implement “the most severe punishment” for food safety violations and to further reform the food and drug safety administration. Vice Premier Wang Yang made the statement on Friday when visiting Beijing food safety monitoring center. In China, food safety is the problem that everyone worried about.” In China, there have been a lot of food safety scandals such artificial eggs and gutter oil.

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According to an article published on U.S. Forbes magazine website on September 25, For China, ensuring that all citizens have enough food will become a more difficult task in the future. What is worse, the problem is not only about the quantity of food in China, but also the quality of food. Over the past five years, Chinese consumers have been facing various problems from toxic milk to expired meat.

For China the major problem today is to ensure the quantity and safety of food. In the meantime, it is also a top priority to bring the greatest profit opportunities for companies and investors in food industry. From a global perspective, China’s growing demand for food supports the prices of agricultural products, which can be beneficial for everyone from Midwest farmers to poultry producers in Thailand, no matter whether they sell products to China or not.

In China, there is a general tendency that people have started to shift their dietary structure from rice-based to meat diet. With the gradual increase in per capita income, the demand for meat will soon exceed China’s own meat production capacity. China is expected to become a major importer of meat by 2050. It is believed that China will import $ 150 billion of chicken, pork and beef annually.

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Although China’s food problems is a huge problem for Chinese government headache, it is, to some degree, a “grace” for both Chinese and foreign enterprises. For example, Shuanghui International, Kohlberg Kravis Roberts, Tyson Foods and John Deere Company all have benefited from China’s food industry. As they say, every cloud has a silver lining. By helping China solve the problem of food, companies and investors can apparently earn lucrative profits.

Reference:

http://news.baidu.com/ns?ct=1&rn=20&ie=utf-8&bs=%E5%81%87%E9%B8%A1%E8%9B%8B&rsv_bp=1&sr=0&cl=2&f=8&prevct=no&word=%E9%A3%9F%E7%89%A9%E4%B8%AD%E6%AF%92&tn=news&rsv_sug3=9&rsv_sug=0&rsv_sug4=1530&rsv_sug1=1&inputT=2988

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