Another Sign of Slowdown: Shark Fins

the anti-corruption drive no doubt plays a role, but clearly wealthy Chinese are spending less on extravagant meals.

Shark fin trade from Hong Kong to China drops almost 90 per cent in one year
Trade in shark fins from Hong Kong to mainland China dropped by almost 90 per cent last year, a green group revealed.

Overall imports to Hong Kong fell 35 per cent compared with 2012, WWF-Hong Kong added.

The fall comes amid a crackdown by the central government on extravagance and corruption, and pressure by environmental groups to stamp out the trade.

The figures, drawn from government statistics, show a drop in re-export volumes of 17.5 per cent. This was driven by a 90 per cent drop in re-exports to mainland China from 1.2 million kilograms in 2012 to 113,973kg.

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