date:Apr 10, 2013
A slowdown in luxury spending as well as imports facilitated by a free trade pact with southeast Asia have squeezed Chinas grouper fish cultivators. Production has outstripped demand with daily sales down 300,000 kilograms nationwide according to data published by Shuichan Pindao, a seafood consumption research agency based in Beijing.
Grouper prices in 2012, even in the Spring Festival, sank to the lowest on record, a slump blamed on a frugality campaign pursued by Chinas new leadership as pro