Chinese city’s plan to create Atlantic salmon farming hub met with skepticism

Published 2024년 1월 8일

Tridge summary

A city in China is planning to invest nearly CNY 1 billion to create a complete salmon industry value chain, including research and development, processing, and marine farms. The project aims to produce 20,000 metric tons of salmon annually and inject CNY 8 billion into the local economy by 2025. This ambitious venture is part of China's larger push to spur investment in offshore aquaculture, supported by provincial and national government policies.

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Original content

A Chinese city on the country’s east coast has outlined plans to construct a complete salmon industry value chain – from cage making to fry farming to processing – that has drawn skepticism on whether the city can pull off such an ambitious venture.The plan, announced recently by the municipal government of Rizhao, involves an investment of nearly CNY 1 billion (USD 140 million, EUR 130 million) from Wanzefang Fishery Company to be used in constructing a research and development center, salmon-processing factories, deep-sea cages, and marine farms at an industrial park in the city.Rizhao’s municipal government said the project should produce 20,000 metric tons (MT) of salmon annually at full capacity, and inject CNY 8 billion (USD 1.1 billion, EUR 1 billion) into the local economy by 2025.Wanzefang already operates a few salmon-farming ventures in China, including a 1,400-ton platform designed for farming salmon off the coast of Rizhao and a separate fish farm that features ...

Source: Seafoodsource