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Economy

Factbox: China's ocean economy sees steady growth

June 10, 2019


Abstract : Many activities have been held around China to mark the World Oceans Day, a global day of ocean celebration and collaboration that fell on Saturday this year.

BEIJING, June 8 (Xinhua) -- Many activities have been held around China to mark the World Oceans Day, a global day of ocean celebration and collaboration that fell on Saturday this year.

The following are some facts and figures about China's ocean economy:

-- In the first quarter of 2019, the gross ocean product rose 6.6 percent to nearly 1.9 trillion yuan (276 billion U.S. dollars), according to the Ministry of Natural Resources.

-- Last year, the gross ocean product rose 6.7 percent to 8.34 trillion yuan, representing a share of 9.3 percent of GDP.

-- Marine fishing output continued to decline, with annual value-added output down 0.2 percent to 480.1 billion yuan in 2018.

-- Installed offshore wind power capacity kept expanding, with annual output up 12.8 percent to 17.2 billion yuan in 2018.

-- Marine transportation sector realized an output of 652.2 billion yuan last year, up 5.5 percent.

-- The output of coastal tourism industry rose 8.3 percent to 1.61 trillion yuan last year.

-- Marine disasters caused a direct economic loss of 4.78 billion yuan last year, leaving 73 people dead or missing.

-- China has made it clear that it would speed up prevention and control of water pollution, with comprehensive measures taken to improve river basins and offshore areas.

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Keyword: China ocean-economy growth

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