The Bigger Picture: Finding a Balance Between Trade Stimulus and Food Safety
A key goal as expounded in the sessions of China's National's Peoples Congress is to continue
to shift China in the direction of a more consumption based economy, deregulate key
industries and to allow market forces to have a stronger influence on government policy. The
government has earmarked China's food industry (in particular food importation) as a key
battleground, evidenced in recent data indicating 17.6% annual growth in the imported
food sector ( 4 times domestic average - AQSIQ data).