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China's food industry gross output up 31.6% in 2011

Feb. 3, 2012 (China Knowledge) - The food industry in China saw its gross output surge 31.6% year on year to RMB 7.81 trillion in 2011, accounting for 9.1% of the country's total gross industrial output, according to data from the National Bureau of Statistics.

The top ten food producing regions, including Shandong Province, Henan Province, Sichuan Province, Guangdong Province and Liaoning Province, saw their gross food industrial output reach RMB 5.18 trillion, which accounted for 66.4% of the country's total.

The industry's sales revenue grew 31.6% year on year to 7.65 trillion last year, and sales-to-output ratio rose 10 basis point to 98.03%.

In the first 11 months of 2011, the food industry realized RMB 472.03 billion in profit, 38.2% more than in the same period of 2010 and accounting for 10.12% of the country's total profit generated by the industrial sector. Taxes paid by the food industry jumped 27.5% year on year to RMB 610.71 billion.

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