China's Seafood Market and International Trade
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Questions and Answers

What is the expected revenue of China's fish and seafood market in 2023?

  • USD 88 billion (correct)
  • USD 80 billion
  • USD 90 billion
  • USD 85 billion

What is the expected compound annual growth rate (CAGR) for China's fish and seafood market between 2023 and 2028?

  • 10%
  • 8% (correct)
  • 5%
  • 6%

What action did the Chinese government take in response to Japan's discharge of potentially radioactive water in the Pacific Ocean?

  • Ignored the incident
  • Implemented trade agreements with Japan
  • Increased imports from Japan
  • Banned imports from Japan (correct)

What impact is expected on the seafood market in China due to the ban on imports from Japan?

<p>Shortage of products (D)</p> Signup and view all the answers

What is the expected impact of the Chinese government's ban on seafood imports from Japan?

<p>A decrease in the availability of seafood products in the Chinese market (D)</p> Signup and view all the answers

What was the YoY increase in the volume of imported seafood goods in March 2023?

<p>58% (B)</p> Signup and view all the answers

What was the value of annual imported goods in the seafood sector in 2022?

<p>USD 19.13 billion (A)</p> Signup and view all the answers

What belief is deeply held by the Chinese people regarding diet and health?

<p>Diet and health are deeply correlated (D)</p> Signup and view all the answers

What is China's expected compound annual growth rate (CAGR) for its fish and seafood market between 2023 and 2028?

<p>8% (B)</p> Signup and view all the answers

What is China's revenue value for fish and seafood in 2023?

<p>USD 88 billion (D)</p> Signup and view all the answers

What is one of the main reasons why imported seafood is often considered more nutritious and safer in China?

<p>Higher levels of omega-3 fatty acids (D)</p> Signup and view all the answers

Which country was China's largest seafood exporter in 2022?

<p>Ecuador (B)</p> Signup and view all the answers

What impact is expected on the Japanese fishing industry and the seafood market in China due to Japan's export ban to China?

<p>Increased demand for fish imported from other countries (A)</p> Signup and view all the answers

According to Rosselkhoznadzor, what is Russia's intention in response to the increased demand for fish in China?

<p>To increase the number of certified Russian companies and ships (C)</p> Signup and view all the answers

What factor is likely to lead to an increased demand for alternative seafood options in China?

<p>Health concerns related to seafood from the Pacific area (C)</p> Signup and view all the answers

What was the export value of Japanese seafood to China as of July 2023?

<p>$10 billion (JPY 1.5 trillion) (C)</p> Signup and view all the answers

What is the main focus of positive feedback from seafood buyers on Chinese e-commerce platforms?

<p>Deliciousness and freshness (D)</p> Signup and view all the answers

Which country ranks sixth as an important partner in the Chinese seafood market?

<p>Canada (C)</p> Signup and view all the answers

What do Chinese consumers consider as one of the main benefits of imported seafood?

<p>Stricter quality control (D)</p> Signup and view all the answers

What is the expected impact of Japan's stop on the Chinese seafood market?

<p>Noteworthy setback for the Japanese fishing industry and important shortage for the recovered seafood market in China. (C)</p> Signup and view all the answers

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