China pumps CNY 50 billion into seafood research in five years

Published on
April 27, 2016

China spent a massive CNY 50 billion (USD 7.5 billion, EUR 6.8 billion) on research projects in the fisheries sector in the five-year period from 2011 to 2015, according to a summary of research spending release by China’s government.

The bulk of the money – CNY 15 billion (USD 2.25 billion, EUR 2.1 billion) – went on the construction of demonstration bases and a national laboratory involving fishery a total of 19, nearly 200 provincial laboratories, and a new “fisheries resource survey ship.” The figures were released in a summary of spending by China’s government on research during the period 2011 to 2015.

Cash was also spent on nearly 1,000 national research projects and 4,500 provincial scientific research aquaculture projects on “modern agricultural technology” in tilapia, shrimp, shellfish, and flatfish. Interestingly, the funds also backed implementation of 15 “public interest” fishery industry research and “special projects” that include development of high-tech ships for long-distance fishing and for identification of fisheries inshore and long distance.

Want seafood news sent to your inbox?

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500