BEIJING, May 23, 2018 /Xinhua-AsiaNet/--
China Economic Information Service (CEIS) of Xinhua News Agency released a report on development of the domestic banana industry jointly with the People's Government of Chengmai County of Hainan Province on May 15.
The report predicts that in 2018, China's banana planting area and production output will fall year on year.
According to the report, although China is a big producer of banana, it is not a banana trade power. The international competitiveness of China's banana industry is relatively weak and there is room for improvement. In 2016, the international market share (MS), the trade competitiveness index (TC) and the revealed comparative advantage of China's bananas ranked 43rd, 73rd, and 77th, respectively, in the world.
The report points out that the industrialization of deep processing of the domestic banana industry is relatively low and it has not yet achieved breakthroughs in key technologies for the banana industrial production. Compared to a variety of foreign banana products, such as banana flour and banana sauce, China’s banana processing enterprises are relatively junior, with product shortages.
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