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Copyright © 2024 CGTN. 京ICP备20000184号
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Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
China's marine economy expanded steadily in the first six months of the year, with a gross output of 4.9 trillion yuan (about $678.55 billion), up 5.6 percent year on year, data from the Ministry of Natural Resources showed.
The growth rate of the marine economy is 0.6 percentage points higher than that of the overall economy during the January-June period, according to the data.
The sea area authorized for use increased 16.9 percent year on year, with projects worth a total of 500 billion yuan (about $69 billion) involved, the ministry said. The annual output of marine crude oil grew by 5.6 percent, while natural gas output grew by 10.5 percent.
The marine engineering equipment manufacturing sector saw a marked rebound, the ministry said, with multiple super deals contracted during the second quarter reversing a market downturn. The new orders of marine engineering projects increased by 205 percent year on year, while the value of holding orders rose by 11.6 percent.
In the meantime, shipbuilding, marine traffic and cargo throughput all improved, with the year-on-year foreign trade value of ships increasing by 87.3 percent and offshore wind turbines and parts by 32.6 percent, according to the ministry.
(Cover: An aquafarm in Rongcheng City, Shandong Province, east China, April 9, 2024. /CFP)