A recently released report projects that Muslim consumers will account for over a quarter of the global population by 2030, and China wants to be an active player in their food market.
The report observed that the Chinese companies are progressively penetrating into the burgeoning market for halal food, which according to a report commissioned by the Chamber of Commerce in Dubai will reach a market valuation of US$1.6 trillion by the end of 2018. The policymakers in China are contemplating to seal halal-focused pacts with regional partners to broaden the export portfolio of the country.
As per the Islamic Law, the halal food must be strictly free from pork, tobacco, alcohol, or lipids from animals. The law also said that the animals destined to be sold in the halal market must be slaughtered in accordance with the religious conventions.
The 26 million strong Muslim population in China accounts only for 2% of the country’s total population, with a vast majority of them living particularly in the Ningxia and Xinjiang provinces located in the Northwest China. These provinces also belongs from the most underdeveloped part of the country.
Nevertheless, this did not deter China from forging ahead with its initiative called “One Belt One Road” that aims to re-construct the maritime trade routes and Silk Road land. China has recently sought halal trade pacts with Arab and Muslim countries through bilateral agreements.
Several companies located in the Linxia city in China’s Gansu province have already struck trade deals with Kazakhstan and Turkey to export food products, as reported in Want China Times.
China had also organized seminars and networking conferences such as Muslim Supplies Certification and Industry Cooperation Seminar and Sino-Malaysian Halal Food in July this year.
These seminars helped in creating infrastructure to encourage halal trade, including the construction of manufacturing hubs for halal food such as the Wuzhong Halal industrial park.