Thanks to Several Incentives, Hainan Seafood Market Starts to Rebound
Under the influence of coronavirus, China’s seafood industry is challenged by the problem of excessive supply during this Chinese New Year, its most important shopping carnival. Hainan, one main aquaculture province, is among the greatest victims in this catastrophe. As statistics show, in this early March, the province is faced with 45,000 tons of unsold tilapia and over 2,500 tons of shrimp stocked in ponds.
To encourage companies to buy more and help farmers survive this harsh winter, local government has decided to subsidize processing plants if they...Full Story »