At home, New Hope is expanding pig farms, planning to spend 8.8 billion yuan over the next three to five years to grow 10 million hogs, Liu said. 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 , 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 .