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Anders Christensen



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Diversifying Petersburg’s Economy: Assuring Resiliency against a Potential China Market Crash

The total proportion of Petersburg’s population that fished was 25.8% in 2013. Moreover, the estimated earnings related to fisheries in 2013 was $65.7 million. Given the importance of the seafood industry and Petersburg’s connection to the world market, we decided to look at what might happen to Petersburg if China’s market were to crash and could no longer buy our fish.

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Diversifying Petersburg’s Economy: Assuring Resiliency against a Potential China Market Crash

The total proportion of Petersburg’s population that fished was 25.8% in 2013. Moreover, the estimated earnings related to fisheries in 2013 was $65.7 million. Given the importance of the seafood industry and Petersburg’s connection to the world market, we decided to look at what might happen to Petersburg if China’s market were to crash and could no longer buy our fish.

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Diversifying Petersburg’s Economy: Assuring Resiliency against a Potential China Market Crash

The total proportion of Petersburg’s population that fished was 25.8% in 2013. Moreover, the estimated earnings related to fisheries in 2013 was $65.7 million. Given the importance of the seafood industry and Petersburg’s connection to the world market, we decided to look at what might happen to Petersburg if China’s market were to crash and could no longer buy our fish.

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