Excerpt: "The Company has experienced significant growth since its inception. CNOA's expanding portfolio of premium and natural food products is not only including green and organically grown rice, but also California wine, organic soybeans, kidney beans, mushrooms and other premium products. The Company has developed an extensive distribution network throughout many of China's major cities, including Beijing, Shanghai and Nanjing.
"CNOA targets multibillion-dollar expanding Chinese markets for premium and natural foods and wines. In 2007, food and beverage sales accounted for RMB 793.1 billion (USD 104.4 billion) of the total retail sales, a 30% increase over 2006, as China's economy continued on an upward path. In 2007 alone, sales of organic foods by the country's 800 government-certified producers reached $4 billion last year, of which about $140 million comprised exports, both up 20% from a year earlier."
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