(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.
The unstoppable duo of Emma Stone and Yorgos Lanthimos
How China Transformed into a Leading Economy
Caribbean Women Leaders Visit China, Review Development of Women, Children
Making Communities More Beautiful
Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
Getting Lost Amongst Ancient Dwellings, Scenery in Songyang
All England Open: Defending champ Li falls in opener
Calls for Universal Credit to be reformed as the number of those on long
Why US Catholics are planning pilgrimages in communities across the nation
Promoting Greater Understanding of TCM Culture in France
Iran helicopter crash that killed President Raisi could reverberate across the Middle East
Family Does Part to Benefit Society