9 times China made seafood headlines in August

Fleeting reprieve 

amoney.pngThose who ship shrimp, tilapia and other processed seafoods from ports such as Dalian and Qingdao won’t have much time to relish the drop in the value of the yuan against the dollar, as seen during the week of 13 August. 

That’s because “ultimately, the yuan remains significantly stronger than it did a decade ago, and it will remain so as the Chinese government slowly shifts toward its currency’s full convertibility,” reports Mark Godfrey for SeafoodSource.

Can China afford “the kind of subsidies that encouraged these industries [such as seafood processing] to sprout in the past?” Find out here: http://www.seafoodsource.com/commentary/china-s-seafood-exporters-rejoice-for-now


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