Home /
Business
/ Biz Photos
How Chinese gave new life to Maine lobsters
Phil Miles (L) and Dave Bedell of Maine Coast company pack lobsters in Portland, Maine, March 29, 2017. [Photo/Xinhua] |
Maine in the US is known for its lobsters. A few years ago, the industry was facing a crisis because of massive oversupply in the domestic market.
But then the Chinese fell in love with lobsters and the industry took off. Last year, China bought $40.9 million worth of lobsters from Maine.