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China Launches Support Measures for Distant-Water Fishing Fleet

CHINA
Wednesday, July 15, 2026, 01:10 (GMT + 9)

The People's Government of Dinghai District in Zhoushan promotes a comprehensive plan for modernization, international standardization, and subsidies for ocean-going fisheries The People's Government of Dinghai District, Zhoushan City, has promulgated a policy support and subsidy plan specifically designed to accelerate the transformation, modernization, and international standardization of its distant-water fishing fleet. This new regulatory framework aims to consolidate a modern, sustainable, and highly competitive fisheries industrial system for sector professionals. The total budget allocated for the direct execution of these subsidies is capped at 15,000,000 yuan (approximately US$ 2,212,308). Modernization and Fleet Adaptation The plan focuses a significant portion of its incentives on raising the standards of Chinese vessels to meet the requirements of the mos... FULL STORY

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