China extends helping hand in aquaculture

China will make more contributions to the sustainable development of the global fishing industry under the Belt and Road Initiative, according to the Ministry of Agriculture and Rural Affairs.

China is the world's largest aquaculture producer and it can give full play to its technological and talent advantages in the field while cooperating with other developing countries, the ministry said.

"We hope to work with others involved in the BRI to develop the fishing industry… and make breakthroughs in aquaculture," it said. "Through cooperation we can provide technology, talent and financial support for developing aquaculture, including the cultivation and processing of aquatic products."

The initiative has provided new opportunities for China's international cooperation in the fishing industry because of the great market potential in those countries, the ministry said. Many countries involved, especially the coastal countries, boast rich fishing resources and are traditional consumers of aquatic products.

China's total aquaculture output exceeded 50 million metric tons last year, accounting for more than 78 percent of the country's output of aquatic products, according to the ministry. China is the only country in the world that raises more aquatic products than it catches by fishing, according to the ministry.

China exported aquacultural products worth $23.3 billion last year, an increase of 10 percent over the previous year. The trade surplus in such products was $7.5 billion last year, a decrease of around 23 percent from the previous year.