date:Aug 27, 2014
China's New Hope is seeking to build food processing factories overseas, mainly in Southeast Asia, with an estimated outlay of $500m over the next five years.
New Hope vice-president Wang Hang was quoted by South China Morning Post as saying that mainland China needs to globalise its agricultural sector to make up for deficiencies in terms of cost and quality.
We will build 10 factories every year for the next five years.
New Hope is touted as the largest suppliers of meat and dairy products