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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Aug. 13 (Xinhua) — China's marine economy maintained steady growth in the first half of this year, Gu Wu, an official with the Ministry of Natural Resources, said Wednesday.
She made this statement during the next meeting of the discussion platform for all media outlets “Roundtable on the Chinese Economy”, organized by Xinhua News Agency.
According to preliminary estimates, China's gross marine product (GMP) grew by 5.8 percent year-on-year to 5.1 trillion yuan (about $714.1 billion) during the reporting period, the agency said.
As noted by the ministry, in 2024, China's marine economy reached a significant milestone: China's GMP exceeded 10 trillion yuan for the first time, reaching 10.54 trillion yuan, up 5.9 percent from the previous year.
Notably, the services sector was the largest contributor to the maritime economy in 2024, accounting for 59.6 percent of the total GMV. The maritime industry was the key driver of growth, accounting for more than 30 percent of the total.
The eastern coastal province of Shandong, with a GMV of 1.8 trillion yuan in 2024, ranked first among all regions in China in terms of added value of seven marine industries, including marine fisheries, energy and transportation.
Wang Rentang, head of the Shandong Provincial Maritime Affairs Bureau, said at a roundtable that the cargo turnover of the province's ports reached a new milestone last year.
According to official data, in 2024, the cargo turnover of Shandong ports exceeded 2 billion tons, which allowed the province to rank first among all regions of China for the third year in a row.
Given the strategic importance of the marine economy, China has firmly placed it on the country's development agenda. At a high-level meeting in early July, Chinese leaders stressed that to advance China's modernization, it is necessary to "promote high-quality development of the marine economy" while "pursuing the path of achieving national strength with Chinese characteristics by utilizing marine resources."
The meeting identified five priority areas: innovation-driven growth, stronger coordination, industrial renewal, harmony between human activities and the ocean, and mutually beneficial cooperation. -0-
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