Chinese agribusiness giant New Hope , already the country 's top animal feed producer , is launching new fundraising channels to accelerate its overseas acquisitions in a bid to become a top supplier of high - end animal protein such as beef , pork and milk , to meet China 's ever - increasing demand for such products . At home , New Hope is expected to spend ¥ 8.8bn over the next three to five years to grow ten million pigs , transforming the company into a pig farm , given the feed industry is suffering from recession .
Chinese agribusiness giant New Hope, already the country's top animal feed producer, is launching new fundraising channels to accelerate its overseas acquisitions in a bid to become a top supplier of high-end animal protein such as beef, lamb and milk, to meet China's ever-increasing demand for such products. At home, New Hope is planning to spend ¥8.8bn over the next three to five years to grow ten million pigs, transforming the company into a pig producer, given the feed industry is suffering from overcapacity.