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Chinese New Year restrictions, stronger renminbi complicating seafood trade

February 11, 2021 — The Chinese government’s effective measures to contain the spread of COVID-19 will lead to further GDP growth this year but the cancellation of some Chinese New Year celebrations will drag down consumer spending, according to Alicia Garcia Herrero, Asia economist at the Hong Kong offices of French investment bank Natixis.

Business and consumer sentiment has been dented by new containment measures before the Chinese New Year, but an increasingly stronger renminbi will be of some comfort to seafood importers, Garcia Herrero said.

Read the full story at Seafood Source

China’s New Year gift to the world: aquaculture know-how

February 5, 2019 — As Chinese New Year approaches, the dining halls of China’s Agriculture Ministry in the central Beijing district of Tuanjiehu get busy with well-wishers from various embassies dropping in with seasonal gifts or for banquets with officials.

Emissaries in Beijing have been beating a path to the fisheries section at the Agriculture Ministry to greet fisheries officials who maintain relations with counterparts in most countries on the planet.

The gifts aren’t just flowing in one direction. Even as it weeds out low-tech and unlicensed operators in its own aquaculture sector, China is offering aquaculture expertise to developing nations throughout the world.  When Chinese New Year festivities are over, it’s not unreasonable to expect a whole new range of training programs to be born out of those banquets and gift exchanges. These are transactional relationships – developing countries need training and China needs seafood. But they also stand to change the global aquaculture production map.

And it’s not new – China has been at this game for many years now. Just last month, aquaculture officials from around the world were in China’s key freshwater training base for training in bass (perch) production. Delegates from Benin, Ghana, Laos, Liberia, Myanmar, the Seychelles, South Sudan, Uganda, and Zambia were in Wuxi Academy and visited Jiangsu Shui Xian Industry Co. Ltd. to see production on site.

Read the full story at Seafood Source

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