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China's food industry posts steady growth in first seven months
BEIJING,Sept. 21 (Xinhua) -- China's food industry grew steadily in the first seven months of this year, according to the Ministry of Industry and Information Technology (MIIT).
Retail sales of grain and oil, food, beverage and tabacco and so on reached 1.14trillion yuan (about 161.2 billion U.S. dollars) during the period, up 9.5percent year on year, MIIT data showed.
From January to July, business revenue of food enterprises above a designated size increased 5.6 percent year on year to 4.55 trillion yuan. Their profit amounted to 308.64 billion yuan, up 11.4 percent from one year earlier.
