In a landmark achievement, China’s marine economy surpassed the 10 trillion yuan mark for the first time in 2024, reaching an impressive 10.54 trillion yuan. This milestone reflects a robust 5.9 percent increase from the previous year, signaling strong and sustained growth across various sectors.
The Ministry of Natural Resources released the annual report on Monday, highlighting the diverse factors contributing to this significant expansion. Key industries such as shipping, fisheries, and marine biotechnology have shown remarkable progress, driving the overall economic surge.
Experts attribute this growth to strategic investments, advancements in marine technology, and favorable government policies aimed at enhancing the sustainability and efficiency of marine resources. The increase in the gross ocean product (GOP) underscores China’s pivotal role in the global marine economy, offering promising opportunities for business professionals and investors keen on exploring Asian markets.
Moreover, this achievement not only boosts China’s economic standing but also reinforces its commitment to leveraging marine resources for long-term development. As the marine economy continues to evolve, it is poised to play an increasingly influential role in shaping Asia’s dynamic and interconnected economic landscape.
Reference(s):
China's marine economy hits record 10.5 trillion yuan in 2024
cgtn.com
