January 23, 2008

Beijing opens largest seafood market in Northern China

The Beishui Jialun Aquatic Product Market, funded and established by Beijing Er Shang Group, recently opened in Beijing.

The market is located in the Xinfadi business area of Beijing's Fengtai District and covers 9 hectares in land area and 6.9 ha in floor area, with total investment of RMB350 million (US$48 million).

Around 300 operators of over 100 types of products such as frozen, cold, live and fresh or dried aquatic products as well as poultry, meat and spices will trade in the newly established market.

The annual transaction volume is expected to reach 500,000 tonnes valued at RMB6.5 billion (US$898 million).

It will be the largest and most comprehensive special aquatic products market in Northern China, according to a source.