Option 1: China, Japan, Peru - This sequence is incorrect because Japan actually has a higher fish catch than China.

Option 2: Japan, China, Peru - This sequence is also incorrect because the correct order is China, Peru, Japan.

Option 3: China, Peru, Japan - This is the correct sequence. Based on fish catch, China has the highest catch, followed by Peru, and then Japan.

Option 4: Peru, China, Japan - This sequence is incorrect because Peru actually has a lower fish catch compared to China.

Therefore, the correct answer is Option 3. China has the highest fish catch, followed by Peru, and then Japan.