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China’s CNFC gets subsidy hike, still suffers loss

In 2021, CNFC Overseas Fisheries received a total of CNY 117m in subsidies from its controlling shareholder, China National Agricultural Development Group

By Lewis Hu | Jan. 27, 2022 18:33 GMT
China National Fisheries Corporation (CNFC)
At Seafood Expo Global 2017. Credit: Miriam Okarimia/ Undercurrent News
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Chinese state-owned fishing company CNFC Overseas Fisheries has forecast a loss of some CNY 80-90 million ($12.6m-14.2m) in 2021.  [...]

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