China's seafood consumption is expected to grow 40 percent by
2020 amid its growing economy, an industry report said
yesterday.
Seafood consumption is expected to rise to 36 kilograms per
capita by 2020 from last year's 26 kilograms, Glitnir said in a
report yesterday.
The figure in 1990 was 11.5 kilograms.
Freshwater fish and mollusks are favored among Chinese
consumers, and more expensive fish are expected to reach the plates
of people across the country.
On the supply side, China is also growing as the world leader in
aquaculture. With the exception of shrimp, consumption of which has
grown tenfold in the last decade, China is forecast to meet its
demand independently.
China is the world's largest seafood producer, accounting for 35
percent of global production. Shandong Province is the country's
biggest seafood production province.
The country has seen a rapid growth in aquatic production in the
past 25 years, averaging an annual growth rate of 15.22 percent
from 1980 to 2004.
The Nordic/Icelandic-Norwegian financial group is considering
upgrading its Shanghai representative office into a branch.
The group opened its first Chinese representative office in
Shanghai in December, and profit prospects are better than
expected, Larus Welding, chief executive officer of Glitnir Bank
said yesterday in Shanghai.
The specialty lender really focuses on the seafood, offshore
supply vessels and sustainable energy sectors.
(Shanghai Daily November 6, 2007)
