CHINA China's marine economy grows steadily in first three quarters of 2021

CHINA

China's marine economy grows steadily in first three quarters of 2021

CGTN

23:18, October 30, 2021

Island scenic spot in Beidaihe, Qinhuangdao, north China's Hebei Province, October 20, 2021. (Photo: CFP)

China's gross ocean product rose 9.5 percent to 6.2 trillion yuan (about $967.8 billion) in the first three quarters of 2021, data from the Chinese Ministry of Natural Resources showed.

China's emerging marine industry continued to recover rapidly during the first three quarters of the year. The newly-added grid-connected capacity of offshore wind power reached 2.15 million kilowatts, a year-on-year increase of 166 percent. The marine medicine and biological products industry witnessed good performance, with over 70 percent of related companies achieving positive growth, data showed.

For traditional marine industry, the output of crude oil and gas rose 7.6 percent and 6.3 percent respectively from the same period last year. The number of new orders for seagoing vessels nationwide increased by 257.2 percent year on year, the highest level in 10 years, accounting for more than 50 percent of the global share.

The cargo throughput and container throughput of coastal ports stood at 7.5 billion tonnes and 190 million TEUs during the period, an increase of 6.3 percent and 8.9 percent respectively. The ocean freight volume and passenger volume were 3 billion tonnes and 60.74 million, a year-on-year increase of 6.8 percent and 29.8 percent, data showed.

The country's marine foreign trade also rose steadily. The total value of seaborne imports and exports increased by 23.2 percent year on year. The import and export value of ships, aquatic products, wind turbines and parts increased by 27.7 percent, 1.3 percent, and 49.2 percent respectively year on year.

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