8 key factors influencing China’s seafood market
Threats made by U.S. President Donald Trump regarding trade sanctions won’t hurt Chinese exporters. They may even be a good thing for China, which is being energized to seek alternative markets. Trade with Asia now accounts for approximately as much as China’s trade with the rest of the world combined. Amazingly, China’s overall goods trade has increased sixfold since 2001, to about USD 350 billion (EUR 326.7 million) per year. The portion of that trade occupied by Africa and Latin America is small but growing. The ultimate losers from trade sanctions may be American suppliers cashing in on China’s growing consumer market.