date:Dec 20, 2012
u (in this order of volume and value) accounted for 95 per cent of Mainland Chinas fish and seafood exports. There are several reasons for the drop:
1. Declining sales to Europe, Japan, and the United States and weak demand for value-added seafood products.
2. Rising labor cost trimmed down profit margins for local seafood processors.
3. The appreciation of Chinese RMB has eaten away at the already slim profit margin.
4. South China seafood processors started to re-locate to Southeast Asia,