Japanese Fisheries Become China’s Newest Geopolitical Target
The article revealed that Beijing’s rhetoric about food safety concerns runs counter to its actions. By one estimate, four of China’s nuclear reactors on its coastline release nearly 20 times as much tritium in the ocean per year — and yet, there have been no limitations on what Chinese fishermen can catch or concerns about radiation levels to date. And there are still no limitations on what Chinese fishermen can catch in the seas around Japan today. There are no limits on seafood imports in China from other countries such as South Korea, Taiwan or the Philippines — which all share waters with Japan.
Quote:
Last week, Beijing announced it is suspending the import of all seafood products from Japan. The announcement came just after authorities in Japan started releasing treated water from its inactive nuclear power plant located in northeastern Japan.
The ban on Japanese seafood will not only impact Japanese fisheries but Chinese consumers as well. Forty-two percent of Japanese seafood exports go to China and Hong Kong, most of which are mollusks; 18% of China’s mollusks imports come from Japan. Unfortunately, Beijing may be more interested in the political impact of its decision than the economic effect it will have on either Japanese exporters or Chinese consumers.
The ban on Japanese seafood will not only impact Japanese fisheries but Chinese consumers as well. Forty-two percent of Japanese seafood exports go to China and Hong Kong, most of which are mollusks; 18% of China’s mollusks imports come from Japan. Unfortunately, Beijing may be more interested in the political impact of its decision than the economic effect it will have on either Japanese exporters or Chinese consumers.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
2418Followers
87Following
10KVisitors
Follow
104132545 : Stop aggravating the situation between the 2 yellow skin cousins who share the same chopsticks, drinking tea etc culture. It will be no win and not loss for both.
bullrider_21 : Your article didn't show any proof that China's nuclear reactors on its coastline release nearly 20 times as much tritium. Just a statement.