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Sales of supply and marketing cooperatives up 11% in Jan-Sept

(Xinhua)
Updated: 2009-11-05 14:21

The combined sales volume of China's supply and marketing cooperatives rose 11 percent year-on-year to 826.04 billion yuan ($121 billion) nationwide in the first nine months this year, a senior official told Xinhua Thursday.

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Li Chunsheng, vice president of the All China Federation of Supply and Marketing Cooperatives, said the total sales of the third quarter hiked 22.8 percent year-on-year despite the adverse effects of the global economic slowdown, without giving specific figures.

Chinese government approved a plan Wednesday to push forward the reform and development of the country's supply and marketing cooperatives to advance the development of the rural economy.

China's supply and marketing cooperatives, with a history of more than 80 years, have served as an important platform for the distribution of agricultural products in the rural areas.