Cross-border zone for pet foods to help meet buoyant demand

The domestic pet food market is expected to grow at an annual rate of more than 30 percent to reach 150 billion yuan ($21.84 billion) by 2020, making it the world's third-largest.

The expectations follow a market transaction surge to 53.5 billion yuan in 2016 from 19.32 billion yuan in 2013.

Riding this boom, Hangzhou, Zhejiang province, inaugurated the country's first cross-border pet industry experimental zone in the city's Jianggan district on Monday.