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China expo 2017

State-owned China fishing firm receives $15m gov’t subsidy to modernize, scrap vessels

The subsidy comprises CNY 87.9m to modernize vessels and CNY 13.4m to decommission vessels

By Louis Harkell | Sept. 21, 2017 09:33 BST
China National Fisheries Corporation (CNFC)
At Seafood Expo Global 2017. Credit: Miriam Okarimia/ Undercurrent News
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The parent company of Chinese fishing giant CNFC Overseas Fishery has handed the firm a government subsidy worth CNY 101.3 million ($15.4m), including CNY 13.4m to decommission vessels. [...]

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