Growth in China's food consumption

I spent my last long weekend in China town today. The crowd consists of mostly tourists with restaurants charging a premium for tourism eats, and stores selling China souvenirs ranging from Chinese paintings to calligraphy brushes and signature stamps made from jade.

Indeed the place really looks like a mini China, with all sorts of China-related products and also the shop houses were well preserved to bring out a historic look.

Since i came back from my China exchange in Beijing back in 2008, i had never tasted food that I tasted in China until i came across a Chinese food shop house. Looking at the amount of food the people ordered and the tongue curling accent, it appears that the place was operated by a native chinese. 

I ordered some pork belly and beef bbq sticks and they tastes exactly like the ones in China. Very tender and tasty with flavoring powder added to them.

It was a great meal and my stomach was filled to its brim. The price of the food was reasonable and the portions were more than what i expected.

Now going back to the growth in China's food consumption, the people dining over at the restaurants have big appetites because i see them ordering a lot of food. The fact that almost all the customers in the restaurants had filled up the dining tables tells a little bit about the pace of food growth in China.

In fact, back in 2008 when i was in China, people also ordered food generously especially with friends or family. 

The food is spicy and sometimes oily, and beer(Tsing Tao or Harbin Beer) goes along well with their food. 

About 2/3 of their food comprised of vegetables which were used to add into dishes as flavourings or purely vegetables for consumption.

There is a china listed stock which produces vegetables and markets to Asia, Europe and US. Trading at a PE ration of 3.8 and net Book value of 0.7 gives a stock a very good value. However it had yet to pay dividends to shareholders, but the price of vegetables will increase given the rising food consumption, and also the lack of farmers in China as more people in the village seeks to urbanize in developed cities in search for a better life.  

Below is the products produced by China Minzhong: