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March 4, 2016

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Marine industry stays above the water

CHINA’S marine economy sailed to a 7 percent rise in its output value year on year to 6.47 trillion yuan (US$990 billion) in 2015, according to an annual report.

Production of marine products, including ships, engines and oil rigs, accounted for 9.6 percent of the country’s gross domestic product last year, the State Oceanic Administration said in the report.

The report said the added value of the tertiary marine industry such as cruise tourism was 3.39 trillion yuan in 2015, or 52.5 percent of the entire marine economy.

Pang Jianmeng, the administration’s vice director, said the primary marine industry such as fishing made up 5.1 percent of the Chinese marine economy last year while secondary industry such as shipbuilding made up 42.5 percent and tertiary industry took up 52.4 percent.

The Bohai Sea region led with an output value of 2.34 trillion yuan, or 36.2 percent of the national figure. The Yangtze and Zhujiang river deltas followed with 28.5 percent and 21.3 percent.




 

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