WHAT’S IN STORE FOR PACKAGED FOOD IN CHINA IN 2023?
January 22nd, 2023
Until social unrest in November forced China’s communist party dictatorship to abandon its tough Covid-19 controls, its packaged food retail sales looked healthy and seemed in decent shape to produce solid revenue in 2023. Data from China’s National Bureau of Statistics showed that the cumulative retail value of grain, oil and food products produced in China were worth Chinese Yuan Renminbi CNY903.2 billion (USD130 billion) in the first half of 2022, up 9.9% year-on-year (1). But this was before protests erupted across the country, the government abandoned ...
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