Yup, Everybody's gotta eat and that's why I've been selling food for 26 years. The Chinese like to eat good vegetables and fruit too, and now more of them can afford it.
See below re: China market
From MarketWatch:
The World Bank raised its forecasts for China’s gross domestic product growth to 9.3% this year from 8.7% previously, and 8.7% next year from 8.4%. The upward revision is based on the country’s stronger-than-expected performance in the fourth quarter of last year and the first quarter of 2011, it said.
China’s GDP grew 9.7% from a year earlier in the first quarter. According to official government estimates, GDP rose by 8.7% from the previous quarter on an annualized, seasonally adjusted basis, but the World Bank’s own estimates of on-quarter growth are slightly higher, it said without elaborating.
The international lender now forecasts that China’s consumer price index will rise by 5.0% this year and 3.4% next year, up from its previous forecasts of a 3.3% rise in both years.
Food price increases, which have been a main driver of inflation in China, will likely slow over the next 12 months, resulting in moderating overall inflation, the World Bank said.
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