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2025/05/17
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Latest News:
PM emphasizes Germany's role in backing government's efforts to address pressing priorities
Tareq Saleh discusses with the Governor of Taiz and the Deputy Minister of Transport the acceleration ..
PM, U.S. Ambassador discuss bilateral relations
Prime Minister Receives Secretary-General of Gulf Cooperation Council
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China's maritime economy exceeds 10 trillion yuan in 2024
[01/03/2025 07:35]
BEIJING-SABA
China's maritime economy recorded strong growth in 2024, reaching a total volume of 10.5438 trillion yuan (about 1.47 trillion U.S. dollars), surpassing for the first time the 10 trillion yuan barrier, a growth of 5.9 percent compared to last year.
China's Ministry of Natural Resources said in a statement that traditional marine industries have seen rapid development, as marine fisheries modernization has been strengthened, improving the capacity to produce and supply aquatic products, as well as boosting the supply of offshore oil and gas resources.
The volume of offshore crude oil production increased by 4.7 percent, while offshore natural gas production increased by 8.7 percent compared to 2023, meanwhile the shipbuilding industry continued its rapid growth and China maintained its global leadership in the number of new orders for offshore vessels and the volume of their completion for several consecutive years.
Emerging marine industries continued to grow, with the marine engineering equipment manufacturing industry continuing to recover, while core technologies for marine equipment recorded remarkable progress, with their value added increased by 9.1 percent compared to the previous year.
China's maritime economy recorded strong growth in 2024, reaching a total volume of 10.5438 trillion yuan (about 1.47 trillion U.S. dollars), surpassing for the first time the 10 trillion yuan barrier, a growth of 5.9 percent compared to last year.
China's Ministry of Natural Resources said in a statement that traditional marine industries have seen rapid development, as marine fisheries modernization has been strengthened, improving the capacity to produce and supply aquatic products, as well as boosting the supply of offshore oil and gas resources.
The volume of offshore crude oil production increased by 4.7 percent, while offshore natural gas production increased by 8.7 percent compared to 2023, meanwhile the shipbuilding industry continued its rapid growth and China maintained its global leadership in the number of new orders for offshore vessels and the volume of their completion for several consecutive years.
Emerging marine industries continued to grow, with the marine engineering equipment manufacturing industry continuing to recover, while core technologies for marine equipment recorded remarkable progress, with their value added increased by 9.1 percent compared to the previous year.
Key words:
modernization - manufacturing - strengthened - Emerging - shipbuilding - technologies - China's - development - consecutive - engineering -
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