Recently, the Ministry of Commerce (MOFCOM) and the Ministry of Finance (MOF) jointly released the announcement to affirm the construction project of “Double-hundred Market Project” implemented in 2009 across the country.

The project consists of 610 wholesale markets of agricultural products and farm produce fairs, with the newly-built or reconstructed transaction area of 169,000 square meters, 21 traceability systems for quality safety, 23 test and inspection centers and 32 safety monitoring systems established, the newly-increased refrigerating capacity of about 900,000 tons, waste disposal capability of roughly 3300 tons and the driven social investment of RMB9.06b. As of late 2009, the two departments had accumulatively allotted fund of RMB1.5b for 936 markets and enterprises to have constructed 1565 projects. The market turnover of double-hundred project in 2009 exceeded RMB520b, up 15.6% from the previous year and created more than 1 million jobs.