Tridge summary
China's commitment to investing in global aquaculture projects has decreased in the past year, with a significant reduction in lending to developing countries and a shift towards domestic aquaculture. Despite a policy to increase international cooperation, China may be finding it less economical to source seafood from overseas. The article highlights the higher production and management costs in Africa compared to China, and the potential risks and costs for private investors in China's aquaculture sector. However, demand for seafood in Africa remains high in urban areas, with prices much higher than in China. China's Agriculture Ministry's Fisheries Yearbook also indicates that the country's overall seafood production in 2019 remained steady at 64.5 million tons, but was lower than the previous year's total.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
China’s longstanding policy goal of obtaining more seafood from overseas may be changing.The country's commitment to investing in global aquaculture projects has gone tepid in the past year, despite a policy set by its Ministry of Agriculture to increase China’s international cooperation in aquaculture, with the goal of shifting away from large-scale domestic aquaculture production and toward sourcing more domestically-consumed seafood abroad.China’s lending to developing countries has been dramatically scaled back by its two policy lenders, China Development Bank and Export Import Bank, from USD 75 billion (EUR 62.1 billion) in 2016 to USD 4 billion (EUR 3.3 billion) in 2019, according to a research team at Boston University that tracks China’s lending to developing nations. Data compiled by the American Enterprise Institute has also shown a drop in the numbers of Chinese workers in Africa back to 2009 levels, as demand and prices for commodities fell. The bulk of the workers are ...
Source: Seafoodsource
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