How Russia is rewriting its seafood trade with China

China’s dominance as a seafood processor is fading -- and Russia is seizing the moment with value-added exports.

Labor costs in China have increased steadily over the past decade, making it less attractive for labor-intensive seafood processing than lower-cost countries such as Vietnam, India, or Indonesia.
Labor costs in China have increased steadily over the past decade, making it less attractive for labor-intensive seafood processing than lower-cost countries such as Vietnam, India, or Indonesia.