$150m deepwater aquaculture farm backed by Chinese gov’t

China’s ministry of agriculture (MoA) announced a ‘national mariculture demonstration zone construction plan (2017-2025)’, which targets 178 pilot mariculture farms to be built in China by 2025.
China has also set a target of increasing its aquaculture production by 15.4 million metric tons by 2025. According to Sondre Vevstad, an executive with lender Danske Bank, the 30% increase China has planned will take total output to 62.3m metric tons, from 47.6m in 2015, with mariculture expected to play an important role in supporting this growth.
Schreven said the project signals modernization of China’s aquaculture sector, from small-scale farms to large-scale operations.

 

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