China fishing firm picks up subsidy from Shanghai government
One of China’s leading overseas fishery firms has picked up a check for CNY 5 million (USD 753,000, EUR 637,676) from Shanghai’s municipal government.
The check was handed to the Shanghai Kaichuang Deepsea Fisheries Co., Ltd firm under the Shanghai City International Trade Development Fund. The announcement was made by Shanghai Kaichuang Marine International Co Ltd., which is listed on the Shanghai Stock Exchange.
A state-owned entity, the Kaichuang firm catches and markets mackerel and tuna as well as squid and krill, with a large fleet operating in international waters.