Seeing opportunity at home, China’s aquaculture investors shift gears
China
Published Mar 4, 2021
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 ...
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