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China's marine economy totals RMB2 trillion in Q1

May 16, 2022


Abstract : China's gross ocean product rose 4.1 percent year on year to stand at 2 trillion yuan (about 294.6 billion U.S. dollars) in the first quarter of 2022, official data showed on Monday.


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Aerial photo shows a fishing boat sailing past an aquafarm near Nanhuangcheng Island of Yantai, east China's Shandong Province, Aug. 8, 2020. (Xinhua/Wang Kai)

BEIJING, May 16 (Xinhua) -- China's gross ocean product rose 4.1 percent year on year to stand at 2 trillion yuan (about 294.6 billion U.S. dollars) in the first quarter of 2022, official data showed on Monday. 

According to a survey of the key coastal sea-related enterprises conducted by the Ministry of Natural Resources, in the first quarter, 53.2 percent of marine renewable energy utilization enterprises, 55.9 percent of marine drug and biological products enterprises, and 61.1 percent of marine engineering equipment manufacturing enterprises achieved a year-on-year increase in the operating income. 

These figures show that the domestic marine economy maintained relatively stable momentum. 

Meanwhile, the supply of marine energy and resources has continued to increase. In the first quarter, the output of offshore crude oil and natural gas increased by 8.8 percent and 15.9 percent year-on-year, respectively.

During the period, the marine transportation sector maintained robust growth, with the cargo transportation volume reaching 960 million metric tons (tonnes), a year-on-year increase of 3.4 percent. The domestic ports completed cargo throughput of approximately 2.42 billion tonnes, a year-on-year increase of 1.8 percent, and the container throughput of 59.83 million TEUs, a year-on-year increase of 2.5 percent. (Edited by Hu Pingchao with Xinhua Silk Road, hupingchao@xinhua.org)

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Keyword: marine economy

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