Chinese fishing nets Puns

Chinese fishing boats are going to Africa, Vietnam, Philippines etc. This is clearly in violation of International laws. Do they not have fish around their own country? Can they not import fish?

Fleets of fishing ships are going 'dark' in the South Atlantic, and China is the leading culprit (businessinsider.co.za)

> They appeared to be fishing, and many went "dark," presumably to hide what they were catching.
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> African countries have detained and fined Chinese vessels, and Ecuador jailed a Chinese crew caught with 300 tons of illegally caught fish.

Hundreds of fishing fleets that go ‘dark’ suspected of illegal hunting, study finds | Fishing | The Guardian

> Nearly 66% of the “dark” vessels were Chinese-flagged squid jiggers – vessels with bright lights and hooks designed to catch squid, while 6% were Spanish.
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>Oceana last year also reported on illegal fishing by huge Chinese fleets along South America’s Pacific coast, affecting Chile, Colombia, Ecuador and Peru. Vessels in that group were also accused of disabling their public tracking devices, and engaging in potentially suspect transshipment practices, all of which can facilitate illegal, unreported and unregulated (IUU) fishing.

It is worth noting that Goldman Sachs had already significantly increased its holdings in Chinese stocks such as Alibaba since the third quarter. At the same time, Bridgewater also disclosed in its third-quarter position report that it had increased its positions in a number of Chinese stocks, in particular BABA$. In addition, a number of Chinese stocks such as (PDD.US)$, $BAIDU, and $JD.COM also received different degrees of Bridgewater's position.

I think it's time to bottom-fishing Chinese Stocks. The market is currently a little overvalued for the risk of companies in mid-cap stocks. Investors are overreacting because of their limited visibility of future policies, fragile risk sentiment, and imperfect understanding of substitutability.