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The crisis in China can affect foreign fish exporters
Fluctuations in the Chinese stock market and a general slowdown in the Chinese economy, according to experts, can be have a significant impact on the world market of fish and seafood. The rapid growth of the Chinese economy in the last ten years has not bypassed and the fishing industry sector of China, which strengthened the position and diversified. It is based on cheap processing and cultivation of fish and Seafood exports. Recently, however, the emergence of a growing number of middle- class contributed to the increase of imports of aquatic biological resources in the country and breeding them for internal consumption, writes the British portal Undercurrent News. According to foreign media reports, the main products of Chinese aquaculture sold abroad are tilapia and shrimp. In addition, a significant part of China's fish processing is built on import-export model. It It means import large amounts from abroad, processing them in local factories, located in mainly near Qingdao and Dalian, and re-export to Europe and North America, the correspondent Fishnews. Fluctuations in the Chinese stock market and a general slowdown in the economy of China, according to experts, could have a significant impact on the global market of fish and seafood, as China takes it a significant share. The question is, what kind of effect on what segments of the market will be provided. On the one hand, desheveyuschy yuan, which the Bank of China in August, depreciated by 2%, should spur exporters and boost the competitiveness of Chinese seafood, said Undercurrent News. The majority experts agree that a cheap yuan and reduce export prices of Chinese FBG, especially on sold in large volumes - tilapia, pollock and cod. It also assumes that to grow significantly competitiveness of tilapia and shrimp produced in China for export. Re-exporter China can not expect the best of times. Rise in price of imported raw materials increases production costs and ultimately affect the price of the finished product. In addition, Chinese processors complain opportunity failure of many partners to keep money in the currency of China and the likelihood of capital flight from the country, it is also lead to higher prices on imported products. Such a development would make more difficult and perhaps more expensive fundraising, which plays an important role in the import-export production model. Reduction banking support has led to the bankruptcy of several Chinese processors and forced others to close several factories, the article says. Undercurrent News emphasizes that the crisis will also affect Chinese production of aquatic biological resources in other countries dependent on imports to China. So, in 2014 to China imported almost 15 thoUSAnd. Tonnes of Ecuador Shrimp - 79% more than the year before. Another 74 thoUSAnd. Tonnes of Ecuadorians have sold to Vietnam, a significant portion of which came to China smuggling through the port of Haiphong. However, the crisis in China could mean fish processing loss of market for Ecuadorean producers and exporters. Although managers OMarsa - the largest exporter of shrimp from Ecuador - reported that while they did not notice the effect. Not yet felt the impact of the crisis of the PRC and the producers of fish and seafood premium supplying their products in China. For example, Clearwater (Canadian manufacturer of bivalve molluscs, shrimps, lobster, halibut and scallops) in the second quarter of 2015 increased sales in the Chinese market by 28.5% - up to 12 mln. USD. It is noteworthy that Chinese enterprises are supplied large amounts of salmon, pollock and other biological resources, harvested in the waters of the Russian Federation. And the crisis in China's processing dependent on imported raw materials, may eventually touch and Russian fisheries.  

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