China imported wine market grows(1)
SHANGHAI — China's market for imported food products is expanding with the growth in the number of middle-income consumers, industry sources have said.
"China's potential as a food-importing country is vast and it will continue to grow as the Chinese middle-income market becomes bigger. There are more people who want to try more different foods," said Brendan Jennings, general manager of China International Exhibition Ltd, an organizer of food and wine events, particularly those in Asian markets.
The company will launch the 14th FHC, China's largest global food, wine and hospitality exhibition, in Shanghai from Wednesday to Friday.
A record 1,017 companies from 79 countries and regions will participate in the exhibition, up from 849 companies last year, organizers said.
According to the online registration system, the number of visitors will increase by 25 percent from that of last year.
"The mainland, in terms of food and wine events, has just overtaken Hong Kong to become the second-biggest show in our group. And we are fast catching up with Singapore to be the biggest," Jennings said.
"The prospect of the imported food market in China is huge. It's just the beginning," he said.
The Shanghai Import Food Enterprise Association has similarly witnessed the growth in the imported food market over the years.
"The market in Shanghai is growing each year because of the stronger purchasing ability of the consumers," said Zhang She, head of the association's communication department.
Food safety problems in China are also main factors contributing to the growth in the imported food market, he said.
