BEIJING, Feb. 24 (Xinhua) — China’s marine economic system achieved a major milestone in 2024, with its gross ocean product (GOP) exceeding 10 trillion yuan (about 1.4 trillion U.S. {dollars}) for the primary time, in line with knowledge launched on Monday by the Ministry of Pure Sources.
An annual report by the ministry exhibits that the GOP had reached 10.54 trillion yuan in 2024, marking a rise of 5.9 p.c from the earlier yr, whereas demonstrating strong development throughout a number of sectors.
Marine manufacturing emerged as a key driver, accounting for over 30 p.c of the entire GOP. Notably, the service sector was the most important contributor to the marine economic system in 2024, contributing 59.6 p.c of the entire GOP. Tourism confirmed sturdy restoration alerts, with cruise journey experiencing a major uptick in recognition.
Offshore wind energy entered a brand new section of scaled improvement, as annual energy technology grew by almost 30 p.c yr on yr.
The report additionally highlighted vital development in marine improvement tasks final yr. In 2024, authorities authorised 4,123 new sea and island utilization tasks masking 263,000 hectares — with whole investments of 1.07 trillion yuan.
These figures characterize year-on-year will increase of 70 p.c, 6.9 p.c and 12.3 p.c, respectively, supporting main offshore oil, gasoline and wind energy tasks. ■
