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Chinanews, Shanghai, November 7 – According to a report by Glitnir Bank on seafood1 produced by this country, China has become the biggest sea producer, and the average sea product consumption per capita here will increase by 30%-40% in the next 13 years.
Glitnir Bank mainly offers financial services to the sea products trade. Its report says that in 2005, China produced 51 million tons of raw sea products. By now, China contributes to 35% of the total production of this industry. In 2006, China exported sea products worth of $8 billion, to rank No.3 in the world. Though China’s sea products output has greatly increased, its fishing scale has been on the decline these years. “With the rapid development of sea product cultivation2 and a much more reasonable price, China will surely become more attractive than its rivals in this field,” says the report. In 1990, a Chinese only consumed 11.5 kg of sea products, while the figure leaped to 25.6 kg in 2006. By 2020, the figure will jump to 35.9 kg. China will be able to meet the demand for sea products in the domestic market by itself except the demand for shrimps3.
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