Over the past 75 years, China’s journey towards becoming a strong maritime nation has been advancing at full speed. The nation’s marine economy has not only grown in size but also moved towards higher quality development, solidifying its position as a vital contributor to China’s overall economic landscape.
In 2023, China’s gross ocean product reached an impressive 9.9 trillion yuan ($1.4 trillion), marking a robust year-on-year increase of 6 percent. This upward trajectory continued in the first half of this year, with the total marine output value hitting 4.9 trillion yuan, a year-on-year growth of 5.6 percent.
These figures underscore the significant role the marine economy plays in China’s national development. From marine transportation and fisheries to offshore energy and marine tourism, the sectors within the maritime industry have been experiencing steady growth and innovation.
The advancements in China’s marine economy reflect a strategic focus on sustainable development and technological innovation. Investments in modernizing ports, enhancing maritime infrastructure, and promoting marine environmental protection are driving forces behind this progress.
As China continues to prioritize its maritime development, the ripple effects are felt across Asia and the global economy. Opportunities for international collaboration in maritime trade, environmental conservation, and technological exchange are expanding, fostering stronger ties with global partners.
The rapid advancement of China’s marine economy not only propels its national growth but also contributes to the dynamic and influential role Asia plays in global affairs. Business professionals, investors, and global readers keen on Asia’s economic trends are closely watching these developments, recognizing the vast potential and opportunities emerging from China’s maritime sector.
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China's construction of strong maritime nation advancing at full speed
cgtn.com
