Chinese Seafood Industry Struggling with the Coronavirus Closing Foreign Doors
China has been hit hard by the coronavirus outbreak. Although its domestic seafood market is gradually recovering, the industry is encountering great difficulties in exports. Some exporters said that they are on the verge of bankruptcy, and some are concerned that the limited increase at home can hardly make up for losses abroad.
A case in point is tilapia, about 70% of which used to be sold to foreign buyers. This industry has already been under great pressure because it has been losing overseas market shares...
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