Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's maritime economy doubles in past decade

May 09, 2020


Abstract : China's gross ocean product rose 6.2 percent year on year to top 8.9 trillion yuan (about 1.26 trillion U.S. dollars) in 2019, doubling the size from a decade ago, official data showed Friday.

BEIJING, May 8 (Xinhua) -- China's gross ocean product rose 6.2 percent year on year to top 8.9 trillion yuan (about 1.26 trillion U.S. dollars) in 2019, doubling the size from a decade ago, official data showed Friday.

The country's gross ocean product has made up around 9 percent of its gross domestic product for nearly 20 years, according to a report issued by the Ministry of Natural Resources.

The value-added output of the maritime service sector amounted to 5.37 trillion yuan, accounting for 60 percent of the gross ocean product last year.

Major maritime industries recorded a 7.5-percent year-on-year growth in value-added output last year, with coastal tourism, maritime transportation and fisheries responsible for over 80 percent of the combined output, the report showed.

In a breakdown by region, the maritime economic zone in south China, which accounted for 40.8 percent of China's gross ocean product, logged a 10.4-percent expansion in nominal terms last year, buoyed by efforts to develop the Guangdong-Hong Kong-Macao Greater Bay Area and the Hainan pilot free trade zone. Enditem

Scan the QR code and push it to your mobile phone

Keyword: Maritime China economy

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial