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Taiwanese Abalone Market Driving Pingtan's Growth

11 September 2013

CHINA - Pingtan Lanshun Fisheries Ltd Co is expanding its business and looking forward to growth and prosperity through the exporting of farmed abalone to Taiwan.

Yu Zhuying, chairman of the company, said the expansion of her business is attributable to the growth of the Pingtan Comprehensive Pilot Zone, which was established three years ago as the country's first economic pilot zone opening up to Taiwan.

"Since July, several batches of abalone from my company have been shifted to Taiwan by the cross-Straits ferry Haixia and then exported to Japan, all within one day," said Yu, who has been in the aquaculture business for a decade.

As Pingtan embraces a bright future of development, Yu registered another company that specialises in trade of marine products to meet the increasing need from Taiwan.

Before the wealth of opportunities, Pingtan's aquaculture long remained sluggish despite boasting a sea area of 6,064 square kilometers and rich marine resources, according to insiders.

The output value of Pingtan's fisheries sector was ranked once as one of the top three in Fujian province in the 1980s. But it gradually went downhill in the 1990s. In 2012, the output value of the sector only amounted to five billion yuan, and there was only three large-scale enterprises engaging in high-value-added aquatic products processing.


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