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Chinese Aquatic Industry Strives Against All Odds

Economics Politics +2 more

BEIJING, CHINA - China's fishery industry would maintain a stable growth this year with aquatic production growing three percent year-on-year, the Ministry of Agriculture predicted Tuesday.

Approximately 48.9 million tonnes of aquatics would be produced nationwide this year, 3 percent more than last year, according to the ministry.

Despite the global financial woes, the nation's trade surplus in aquatic products increased US$190 million , or 5.78 per cent year-on-year, to US$3.49 billion in the first three quarters, the ministry said.

Besides the financial turmoil, the aquatic breeding sector was challenged by frequent natural disasters, including the severe winter weather at the beginning of this year and typhoons in midyear. But the sector achieved the output growth through upgrading breeding ponds, building disease control and quarantine system for aquatic creatures and establishing a fine breed system.