(ECNS) -- China's gross product of marine economy demonstrated a strong recovery with an increase 6 percent year on year to 9.91 trillion yuan ($1.38 trillion) in 2023, accounting for 7.9 percent of the country's GDP, according to data from the Ministry of Natural Resources on Thursday.
The increase is 0.8 percent higher than the growth rate of the national economy. The added value of the marine industry was 4,071.1 billion yuan
with 634.5 billion yuan for marine scientific research and education, and 1,660.6 billion yuan for marine public management services, driving the added value of marine related industries to 3543.5 billion yuan last year.
In 2023, the added value of the marine manufacturing industry reached 2,986.1 billion yuan($4147 billion), an increase of 7.0 percent year on year. The marine engineering equipment manufacturing industry achieved an added value of 87.2 billion yuan, an increase of 5.9 percent over the previous year.
The marine service industry has boosted the national economic growth. The added value of marine services hit 5,896.8 billion yuan, accounting for 4.7 percent of China's GDP and driving 0.3 percent of national economic growth.
China's marine tourism also rebounded. The industry recorded 1,473.5 billion yuan in added value, up 10 percent from the previous year.
Supreme Court declines to hear challenge to Maryland ban on rifles known as assault weapons
Bedard scores twice as Canada rallies to beat Britain 4
Bedard scores twice as Canada rallies to beat Britain 4
Eurovision 2024: Dutch contestant Joost Klein kicked out
Lynn Williams breaks NWSL goal
How major US stock indexes fared Friday, 5/10/2024
North Korean leader Kim supervises latest test of new multiple rocket launcher
Brazil floods: Forecast to worsen in south
Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
Solar storm creates light show across the world, no serious problems reported