Currency, political woes weaken seafood export earnings in China
date:Jan 22, 2014
o Korea climbing 5.4 percent to USD 400 million (EUR 295 million).

A sign of the challenge of the continued strengthening of the Chinese CNY currency against the dollar: the provinces foreign currency earnings from seafood exports totaled USD 4.7 (EUR 3.7) in 2013, down 3.9 percent year-on-year. Not surprisingly, Chinas government has been trying to increase the percentage of overseas trade done in the CNY, which remains however a non-convertible currency.

A volatile exchange rate system was o
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