C4DS has published a report which examines one of the largest publicly traded Chinese fishery companies, Pingtan Marine Enterprise (PME) Limited, and finds indicators of behaviour consistent with the criticisms levied on the broader deep-water fishing (DWF) fleet. This includes specific allegations of IUU fishing and involvement in the shark trade related to Pingtan Marine Enterprise’s affiliated vessels. It also refers to forced labour allegations and exploitation. It also says that Pingtan Marine Enterprise is supported by the Chinese government and the Chinese financial sector through subsidisation, partial ownership, loans, and political affiliations amongst its directorship.
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