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Food industry faces challenges, technology has become an important basis for it

     New China was founded 60 years ago, especially in the past 30 years, China’s food industry has achieved rapid development, but never as they are now relying on scientific and technological support, which is from November 11-13 in Beijing at the China Society of Food Science and Technology 6 Annual Meeting of the Fifth East-West food industry a high-level forum upload information.

Outstanding performance during the financial turmoil

      China’s food industry in the context of the financial crisis, continued to perform well. China’s food industry for nearly 20 years the growth rate has remained at over 20%, even though China’s economic growth rate for 2008-2009 is generally slowing, but China’s food industry remains a strong contrarian anyone, and the rising momentum of development. CPPCC Standing Committee, China Light Industry Federation, vice president of China Institute of Food Science and Technology, chairman of Pan Beilei in his speech pointed out that in 2008, China’s food industry output value of 4.2 trillion yuan, 29.7% of the growth rate and 7% of the national economy the contribution rate, becoming the second largest pillar industry. 2009 January-May, in the strong pressure from the financial turmoil, China’s food industry Youyi 1.82 trillion yuan of output value, 14.6% of the growth rate higher than the national industrial value added growth rate of 6.57 percentage points to accelerate the development of the national industrial value-added contribution rate 20.4%.

Five major challenges facing the development of a new round of

      Pan Beilei analysts pointed out that China’s food industry faces a new round of development in five major challenges: food safety issues, determines the quality of the development of China’s food industry; food, nutrition and health determine the level of development of China’s food industry; food industry determine the independent innovation of China’s food Industry characteristics and values; food-disciplinary multi-level distribution and determine the direction of professionalization of China’s food industry and lasting competitiveness; attention to energy conservation and environmental protection will affect the sustainable development of China’s food industry’s future.

      Industry experts believe that China’s food industry has long based on the scientific and technological progress and independent innovation, it is a scientific and technological innovation, promote and support the Chinese food industry’s sustained, rapid development and to maintain the date of this rapid growth. The coming period of time, improve innovation mechanisms and enhance the independent innovation capability, concentrate superior forces to explore the meaning of traditional Chinese food culture and to promote its industrialization, China’s food industry will be sustained and healthy development and an important guarantee for achieving new breakthroughs. The reporting arrangements for this meeting reflects the conference organizers and industry professionals on China’s food industry in the new round of development concerns.

Food Safety in the “supply chain” and “weak points” by the General Assembly hot discussion

      Last year, China and the melamine incident occurred in the United States this year’s peanut butter salmonella contamination incident so that Sino-US two learning to realize that food safety is a global challenge, to explore the establishment of science and technology in the food based on the food safety system, a natural in this agenda of the conference has also become one of the hot session. From the Sino-US scientific and technological experts and entrepreneurs to “the weak point of food safety”, “Global Food Safety Supply Chain” and “the integration of global food safety regulations” in-depth analysis and interpretation.

In this conference, and the other by scientists repeatedly mentioned the question of public science. The deputies believe that the cornerstone of food safety is a public science, the Chinese public science, work is not yet really started. Public science has two meanings, first, allow consumers to take up science as the weapon, learn self-protection, food safety line of defense will move forward; second is through expert talks, to increase awareness of food safety knowledge, protection and healthy development of the industry. It is reported that China’s Institute of Food Science and Technology in 2009, have made important explorations in lactic acid bacteria, frozen foods, convenience foods launched three major areas of various forms of “consumer class” has been widely welcomed. Institute of Food Science and Technology of China experts expect more to join the cause of food safety, public science, so that people with scientific knowledge to protect themselves, and build food safety first “fence.”

Relying on “peer review” platform science and technology prize

      The meeting, also held in 2009 the second session of the Chinese Institute of Food Science and Technology Science and Technology Innovation Award – Outstanding Paper Award presentation. In addition, the 2009 United States Student Innovation Competition, “Enzymes in the food industry the application of” creative competition “Nutrition and Health” Student Contest award winners such as 3 have also been commended. Industry sources said that it reflects the food industry on scientific and technological innovation incentives and expectations. Relying on “peer review” of this platform to carry out science and technology prize, will help to promote food discipline and moral construction and fair mechanism for the improvement of academic evaluation is conducive to China’s food sector resources integration. Carried out in the College Student Innovation Competition on China’s food industry, the building of the contingent of scientific and technological innovation for the development of a new round of food industry will have a positive effect.

Institute of Sino-US cooperation in the two food-depth development of

      At the opening ceremony, the two learn to co-product of the Sino-US – “Chinese and foreign food food technology,” appeared this conference, two Society and the success of this cooperation has given a positive assessment. This year in February, the two learned in the United States signed a cooperation agreement, co-published “Chinese and Foreign Food Food Technology” publication. This year in June, the first officially published in China, successfully issued, and in the month of the IFT annual meeting of participants from around the world the formal DGF has been published 2. As a first time, the international food science and technology information on the latest introduction to China’s publication, its a whole new perspective, fresh and timely information by the industry alike. Meanwhile, the two learn to co-operation for 10 consecutive years by the two food science and technology industry acclaim and expectations.
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Foreign Exchange Market: Definitions and Characteristics

Definitions :

The exchange is the act by which we exchange the currencies of different nations. Currencies take the same form as the currency within a country. Most of the assets 
traded currency in foreign exchange markets are deposits in banks. The rate of 
change is the price of the currency of a country in terms of the currency of another. 
There are two types of exchange rates, according to the date of exchange of real currency: the exchange rate Cash is the price for a transaction “immediate” (one or two days maximum for large transactions), the exchange rate is the price for a transaction that will occur at a at some time in the future, in 30, 90 or 180 days. Transactions in cash only that 40% of transactions. The foreign exchange market is clearly a forward market.

An exchange rate can be expressed in two ways: The listing on the “some” is to give the number of foreign monetary units equivalent to a unit of local currency rating to “ 
uncertainty indicates the number of local currency units for one unit of currency 
foreign. For example, 20 January 1999, the euro price was U.S. $ 1.1571 in Paris (to quote some), or yet the dollar against euro was at 0.86472 (listing to uncertainty). When the euro appreciates against other currencies, the value quoted in certain amounts, but its market value to uncertainty decreases. Presentations subsequent tables and graphs focus on the exchange listing to uncertainty.

Key Features :

A market dominated by a few network financial In contrast to stock markets, which have a specific geographical location, the market forchanges knows no borders: there is one foreign exchange market in the world. The Currency transactions are also well and simultaneously in Paris, Tokyo, London or New York. Of by its global nature, the foreign exchange market is an economic organization without proper regulation, it is self-organized by public and private that interviennent. The foreign exchange market is geographically concentrated on the financial markets of some country. In 1998, the UK represents 32% of operations, the United States 18%, Japan 8%,Germany 5% and France 4%.

A market dominated by a few coins Transactions in foreign exchange markets are concentrated on a small number of currencies, and overwhelmingly on the dollar. In 1998, the U.S. dollar on average in 87% of identified transactions, or side or the demand side. Zone currencies euro appear in 52% of transactions (30% for the 5% mark and the franc french), the yen Japanese and the British pound are down, they are involved respectively in 21% and in 11% of transactions.

A market dominated by risky futures transactions Foreign exchange risk is the risk of capital loss associated with future changes in the exchange rate. Since the seventies, this risk has increased with the widespread floating currencies and the development of international commercial and financial transactions. The existence of exchange rate fluctuations has two different types of attitudes on the part of speakers on the market: some groups do not want to bet on what will be the rate change in the future. They are exposed to currency risk in the course of their ordinary activities and 
seek to cover their positions creditor or debtor. Other groups believe they can take a position exposed to currency risk to realize a gain. There was speculation then 
the future foreign exchange transactions through arbitration. In reality, the operations cambiaire mix to varying degrees coverage and speculation and the same individuals may adoptthese two attitudes.

The forward contract is the main way to hedge or speculate on the market 
changes. This explains why it dominates the contract of exchange spot: in 1998 63% of operations of foreign exchange markets are forward transactions and 37% of operations cash. A forward contract is an agreement to exchange one currency against another a future date at a price fixed today, the exchange rate. There are different contracts exchange term contracts based on the traditional term bank and swap broker, are most prevalent (57% of the operations of foreign exchange markets in 1998), those based on other derivatives, futures and currency options are still marginal (6% of operations 1998).

A market dominated by banks
Three groups of agents operate in the foreign exchange market: the first group is the companies, fund managers and individuals, the second meets the monetary authorities (central banks), the third group consists of banks and brokers that provide daily functioning of the market. The first group of agents do not act directly but transmit orders to the banks so-called “customer” for the purchase or sale of currencies. This is the retail market (transactions between banks and their clients) The monetary authorities intervene on the market to regulate the course (purchase and sale of foreign currency) and possibly regulate exchange transactions (foreign exchange). Foreign exchange banks and brokers are the only private parties to operate directly on the market. For this reason, the foreign exchange market is 
primarily a wholesale interbank market. In 1998, nearly 90% of transactions are cambiaire made between banks and other financial intermediaries.

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