BEIJING — China's rural supply and marketing cooperatives saw their sales expand 14.2 percent year-on-year to 5.3 trillion yuan (about $818.7 billion) in 2020, the latest data showed.

The profit of these cooperatives totaled 51.79 billion yuan, up 11 percent from one year earlier, according to the All-China Federation of Supply and Marketing Cooperatives.

Cooperatives nationwide purchased farm produce worth 272.6 billion yuan from impoverished areas last year, up 14.1 percent year-on-year. Their sales of farm produce grew 19.5 percent year-on-year to 2.2 trillion yuan.

These cooperatives launched 3,152 poverty-alleviation projects in 2020, lifting 1.13 million people out of poverty.

China's network of supply and marketing cooperatives serves as a key platform for the distribution of agricultural products in the country's rural areas.