Nestle to tap into high quality coffee experiences
Jiang Haiying, senior vice-president of Nestle Greater China Region and head of the coffee business unit, said the growth potential of the Chinese market has 'strengthened our commitment to accelerate our coffee business in China'.
Jiang said that the company's Asia, Oceania and Africa region holds high expectations for its performance in China, expressing confidence that the market will continue to deliver sustained growth.
She said that Nestle Coffee will pursue 'bigger, fewer and better and more focused innovation projects', targeting cutting-edge trends in Chinese consumer behavior and coffee consumption to drive the next wave of expansion.
According to Nestle's 2025 first-quarter results report released on April 24, the company's global coffee business achieved growth of 5.1% year-on-year.
Data from the China Coffee Industry Report 2024, jointly released by the World Federation of Chinese Catering Industry, show that although China's coffee exports hit a record low of 20,000 tonnes in 2023, imports grew by over 20%, reflecting surging domestic demand.
Coffee consumption in China has jumped 167% over the past decade, reaching 350,000 tonnes. The market has shifted from being dominated by instant coffee to a more diversified landscape, with freshly brewed coffee and retail coffee emerging as core segments.
Research institute Mintel Group forecasts that the retail value of instant coffee will reach 12.47 billion yuan in 2023, up 5% year-on-year, and grow at a compound annual growth rate of 6.3% to reach 16.9 billion yuan by 2028. — China Daily/ANN
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
12 minutes ago
- The Star
Interview: Zimbabwean scholar says China's rural revitalization experience inspires his country
HARARE, Aug. 19 (Xinhua) -- China's success in rural revitalization can serve as an inspiration for Zimbabwe's development path, a Zimbabwean scholar said on Tuesday. Achieford Mhondera, a lecturer at the University of Zimbabwe, made the remarks in an interview with Xinhua on the sidelines of the second edition of the Harare Forum for Africa (HFA) held in Harare, the southern African country's capital. Rural development is crucial to Zimbabwe's economic transformation, as the majority of its population resides in rural areas, Mhondera said, noting that China went through a similar stage of development many years ago. Given that both countries are developing economies in the Global South, Zimbabwe can learn from the practical measures China has adopted in advancing rural development, Mhondera added. He said China's "two mountains" concept, which holds that "lucid waters and lush mountains are invaluable assets," can provide inspiration for sustainable and ecological rural development in Zimbabwe. "You need a conducive and safe environment for development, and these are some of the things we need to learn from China's experience. If you go to the Chinese countryside, you will find lucid waters and lush mountains -- often described as mountains of gold and silver -- which can be adopted and adapted in Zimbabwe's case," Mhondera said. Drawing on China's rural revitalization efforts, particularly in modernizing agriculture and improving rural living standards, Mhondera noted that a conducive ecological environment is vital for promoting rural development. "In terms of rural development and modernization, I think the first step in the modernization process is to build a good countryside -- a beautiful, ecologically sustainable countryside," he said. He observed that rural development in China is driven by a combination of government intervention and active participation of local communities. Mhondera stressed that cooperation with China has played a crucial role in advancing rural development in Zimbabwe. "Cooperation is already underway, and there are more activities in progress," he said. He further noted that Zimbabwe and China can deepen collaboration in developing irrigation facilities, as Zimbabwe still largely relies on rain-fed agriculture, which is highly vulnerable to climate change. "China is helping Zimbabwe by developing the countryside, installing solar-powered irrigation systems, and sharing expert knowledge in horticulture and other agricultural practices. I think there is a need to further strengthen this cooperation and expand the model to other areas," he added. Co-organized by the School of Journalism and Communication at Tsinghua University, the Academy of Contemporary China and World Studies, and the China Zimbabwe Exchange Center, this year's HFA ran under the theme of Rural Development and Modernization, bringing together academics, business leaders, and government representatives to share their views on Africa's rural development.
The Star
an hour ago
- The Star
Roundup: Cambodian scholars laud Cambodia-China economic, trade cooperation
PHNOM PENH, Aug. 19 (Xinhua) -- Cambodian officials and scholars on Tuesday lauded Cambodia-China economic and trade cooperation and a bilateral free trade agreement, saying that they have offered tremendous mutual benefit and win-win situation. They made the remarks during a seminar on Cambodia-China economic and trade cooperation 2025. Kao Muy Thong, deputy secretary general of the Council for Agriculture and Rural Development of Cambodia, said China is Cambodia's top investor, trading partner and major source of tourists, adding that Chinese investment and tourists have significantly contributed to the kingdom's socio-economic development and poverty alleviation. He said the Cambodia-China Free Trade Agreement (CCFTA), which entered into force in 2022, has provided greater access of made-in-Cambodia products to the Chinese market. "Under the CCFTA, Cambodia can export more than 340 categories of products to China, with 95 percent of them being agricultural goods with zero-percent tariffs," he said. "The remaining 5 percent, which are machinery and vehicles, will see tariffs reduced to zero percent within 10 years." He said 2025, which is the Cambodia-China Year of Tourism, has provided a good opportunity for both countries to further expand people-to-people exchanges and trade relations for mutual benefit. Heang Sotheara, an advisor to Cambodia's Ministry of Public Works and Transport, said China has played a critical role in Cambodia's economic growth. Sotheara said Chinese investors should focus on non-garment manufacturing sectors such as food and beverage, agro-industry, and agriculture, adding that these sectors have potential for medium- and long-term investment. Neak Chandarith, director of the Cambodia 21st Century Maritime Silk Road Research Center of the Royal University of Phnom Penh, said the CCFTA has contributed to rising Cambodian exports to China and improved tariff preferences. "For the CCFTA to deliver broad-based benefits, Cambodia must invest in technical capacity, accelerate protocol negotiations, and promote higher-value exports," he said. Chandarith said Belt and Road Initiative (BRI) mega-projects such as the Sihanoukville Special Economy Zone, Phnom Penh Sihanoukville Expressway, Siem Reap Angkor International Airport, and hydropower plants are vivid examples of economic and trade cooperation between the two countries. "These BRI flagship projects have laid a solid foundation for Cambodia's development of the economy, trade, manufacturing industry, connectivity infrastructure, logistics and tourism as well as for attracting more foreign direct investment to the kingdom," he said. "In sum, broader Cambodia-China economic and trade cooperation will provide greater mutual benefit and win-win situation, injecting more vigorous impetus into building an all-weather Cambodia-China community with a shared future in the new era," Chandarith added.
New Straits Times
5 hours ago
- New Straits Times
Nvidia working on new AI chip for China that outperforms the H20
BEIJING/SINGAPORE: Nvidia is developing a new AI chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it is currently allowed to sell there, two people briefed on the matter said. US President Donald Trump last week opened the door to the possibility of more advanced Nvidia chips being sold in China. But the sources noted US regulatory approval is far from guaranteed amid deep-seated fears in Washington about giving China too much access to US artificial intelligence technology. The new chip, tentatively known as the B30A, will use a single-die design that is likely to deliver half the raw computing power of the more sophisticated dual-die configuration in Nvidia's flagship B300 accelerator card, the sources said. A single-die design is when all the main parts of an integrated circuit are made on one continuous piece of silicon rather than split across multiple dies. The new chip would have high-bandwidth memory and Nvidia's NVLink technology for fast data transmission between processors, features that are also in the H20 - a chip based on the company's older Hopper architecture. The chip's specifications are not completely finalised but Nvidia hopes to deliver samples to Chinese clients for testing as early as next month, said the sources who were not authorised to speak to media and declined to be identified. Nvidia said in a statement: "We evaluate a variety of products for our roadmap, so that we can be prepared to compete to the extent that governments allow." "Everything we offer is with the full approval of the applicable authorities and designed solely for beneficial commercial use," it said. The US Department of Commerce did not respond to a Reuters request for comment. FLASHPOINT The extent to which China, which generated 13 per cent of Nvidia's revenue in the past financial year, can have access to cutting-edge AI chips is one of the biggest flashpoints in US-Sino trade tensions. Nvidia only received permission in July to recommence sales of the H20. It was developed specifically for China after export restrictions were put in place in 2023, but company was abruptly ordered to stop sales in April. Trump said last week he might allow Nvidia to sell a scaled-down version of its next-generation chip in China after announcing an unprecedented deal that will see Nvidia and rival AMD give the US government 15 per cent of revenue from sales of some advanced chips in China. A new Nvidia chip for China might have "30 per cent to 50 per cent off", he suggested in an apparent reference to the chip's computing power, adding that the H20 was "obsolete". US legislators, both Democratic and Republican, have worried that access to even scaled-down versions of flagship AI chips will impede US efforts to maintain its lead in artificial intelligence. But Nvidia and others argue that it is important to retain Chinese interest in its chips - which work with Nvidia's software tools - so that developers do not completely switch over to offerings from rivals like Huawei. Huawei has made great strides in chip development, with its latest models said to be on par with Nvidia in some aspects like computing power, though analysts say it lags in key areas such as software ecosystem support and memory bandwidth capabilities. Complicating Nvidia's efforts to retain market share in China, Chinese state media have also in recent weeks alleged that the U.S firm's chips could pose security risks, and authorities have cautioned Chinese tech firms about purchasing the H20. Nvidia says its chips carry no backdoor risks. Nvidia is also preparing to start delivering a separate new China-specific chip based on its Blackwell architecture and designed primarily for AI inference tasks, according to two other people familiar with those plans. Reuters reported in May that this chip, currently dubbed the RTX6000D, will sell for less than the H20, reflecting weaker specifications and simpler manufacturing requirements. The chip is designed to fall under thresholds set by the US government. It uses conventional GDDR memory and features memory bandwidth of 1,398 gigabytes per second, just below the 1.4 terabyte threshold established by restrictions introduced in April that led to the initial H20 ban. Nvidia is set to deliver small batches of RTX6000D to Chinese clients in September, said one of the people.
