President already makes instant noodles, soft drinks, flour, cooking oil, processed meats and animal feed in China.

CNN: MAINLAND MOVES

He added that while the UK market seemed focussed on "white water" liquid milk, there was a "huge opportunity for growth" for processed goods in global markets such as China and the Far East.

BBC: Cows

As rising wealth collides with a string of scandals over tainted food in China, prospective acquirers could also shop for premium processed foods abroad, including olive oil and meat and dairy products, such as cheese and yogurt, Ms. Pan said.

WSJ: Smithfield Deal Signals China's Need for Meat, Dairy, Other Food Buys

In July, America announced that it had processed a million tourist visa applications from China since October 2011, an increase of 43% on the same period a year earlier.

ECONOMIST: China��s new middle class goes farther for its holidays