BEIJING -- Beijing has invested four billion yuan (about $588 million) to build a new wholesale produce market in its southeastern suburbs.

The new market will complement Xinfadi, the capital's largest produce market, located in southern Beijing.

Beijing has 53,000 hectares of grain, 46,000 hectares of vegetables and 66,000 hectares of fruit, said Kang Sen, an official of the rural work committee under the municipal committee of the Communist Party of China.

"The most important aim of the markets is to ensure there is enough food for the residents of Beijing," said Kang, adding some companies have built production and logistical bases surrounding the capital.

Renovation is also underway at Xinfadi, which supplies 70 percent of Beijing's vegetables.