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An Assessment of China's Market in
Regards to Genetically Modified Food

This paper will provide an overview of the potential market for genetically Modified Food (GMF) in China. The China Genetically Modified food market is rapidly becoming one of the largest in terms of production, consumption, export and import prospects.
China has the largest population in the world. It is home to 1.3 billion people or 20% of the world's total population and is likely to exceed 1.4 billion by 2050 (Population Reference Bureau, 2002). China's gross domestic product (GDP) is growing about 8 times as fast as the population. With inflation currently under control (projected to be about 5% in 1997), real income per capita is increasing rapidly. In addition the official policy of the Chinese government has been to promote biotechnology as one of the national priorities in technology development since the1980s (SSTC, 1990; Huang, Rozelle, Pray and Wang, 2002). China is an important destination......

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Approximate Word Count: 1573
Approximate Pages: 7 (250 words per double-spaced page)

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