Mar­itime econ­omy

China Daily (Latin America Weekly) - - 11 Comment Editorial • Opinion -

The State Oceanic Ad­min­is­tra­tion re­leased the 2017 China Mar­itime Econ­omy Sta­tis­ti­cal Bul­letin in Beijing on March 1. Ac­cord­ing to the ad­min­is­tra­tion, China’s mar­itime GDP was 7.76 tril­lion yuan ($1.2 tril­lion) last year, a year-on-year rise of 6.9 per­cent, and it ac­counted for 9.4 per­cent of the coun­try’s over­all GDP.

Last year, the pri­mary, sec­ondary and ter­tiary in­dus­tries ac­counted for 4.6 per­cent, 38.8 per­cent and 56.6 per­cent of over­all mar­itime GDP. And about 36.57 mil­lion peo­ple worked in in­dus­tries re­lated to the mar­itime econ­omy na­tion­wide in 2017.

The coastal tourism in­dus­try in­creased by 16.5 per­cent year-on-year, and it ac­counted for about half of the over­all mar­itime GDP last year. The out­put of the mar­itime bi­o­log­i­cal medicine in­dus­try and mar­itime trans­porta­tion in­dus­try saw a year-on-year rise of 11.1 per­cent and 9.5 per­cent re­spec­tively.

Lo­cal au­thor­i­ties have been pay­ing ev­er­in­creas­ing at­ten­tion to the de­vel­op­ment of the mar­itime econ­omy. With the fur­ther pro­mo­tion of the 21st Cen­tury Mar­itime Silk Road, it is ex­pected that China’s mar­itime econ­omy will step into a high qual­ity de­vel­op­ment stage this year.

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