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Large Chinese fishing firm turns loss into profit with $12.2m subsidy

The subsidy for CNFC Overseas Fisheries follows a recent CNY 135m subsidy for Shanghai Kaichuang; Greenpeace slammed both

By Louis Harkell | Jan. 20, 2017 15:26 GMT
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CNFC Overseas Fisheries has received a subsidy of CNY 75 million ($12.2m) from the Chinese government, enabling the state-owned fishing company to turn a loss into profit. [...]

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