This Chinese export boom really has legs - and wings
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓China exported $2.6 billion worth of chicken products last year, almost double 2020 levels.
- ✓Wintop Food processes 60 million chickens annually, selling to over 20 countries.
- ✓Dang Yangyang said, “When the meat is $1,000 cheaper per ton than competitors, they have to buy from China or lose out.” Global trade friction grows.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Reuters
- Reading Speed
- 8 Minute(s)
- Market Focus
- India Economy
TENGZHOU, China — In an office reeking of cigarettes, Dang Yangyang slouches on a black leather sofa in exhaustion. The general manager at Wintop Food has spent recent days chaperoning clients from Ghana, Iraq, Jordan, Russia and Senegal. They all want the same thing: Chinese chicken.
Wintop processes 60 million chickens annually, selling breasts, nuggets, meatballs and dumplings to more than 20 countries. Exports accounted for half of its profits last year and are underwriting 33 acres of expansion.
“International clients used to distrust the quality,” Dang, 44, told Reuters during a tour of his facilities in August. “But when the meat is $1,000 cheaper per ton than Brazilian and Thai competitors, they have to either buy from China or lose out."
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Reuters
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