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Wednesday, February 5, 2025

Reshaping Perspectives and Catalyzing Diplomatic Evolution

China’s maritime economy is recovering strongly

According to preliminary calculations, China’s national marine product in the first quarter of this year was 2.3 trillion yuan, accounting for 8.2% of GDP, an increase of 5.1% from the same period last year. China’s marine economy is recovering strongly. According to data released by the Chinese Ministry of Natural Resources on May 6, domestic marine aquatic product production increased by 4.4% in the first quarter; National marine crude oil and marine natural gas production increased by 3.8% and 6.5%; Marine cargo volumes increased by 8.3% and passenger numbers increased by 87.8%; The volume of orders placed by the marine engineering equipment manufacturing industry was 4.2 times that of the same period last year.According to Qi Xiaojian, deputy director of the Chinese National Maritime Information Center, the traditional marine industry developed rapidly in the first quarter, which marked the steady recovery of the marine economy. Supported. The cruise tourism market has largely recovered, and maritime traffic has increased significantly.(Credits- China Media Group, Beijing)

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