In a testament to resilient growth, China’s marine product value reached an astounding 26 trillion yuan during the first quarter, up 5.4% from last year, according to the Ministry of Natural Resources. This strong performance lays a solid foundation for the marine economy’s expansion in 2024.
Resource management improvements fueled key gains. Offshore oil extraction increased by 5.1%, and natural gas production by 7.7%. Fujian’s integration of the globe’s inaugural 20 MW offshore wind turbine promises annual output exceeding 80 million kWh, advancing renewable energy frontiers. Meanwhile, aquatic production nationwide grew 4.3%, supporting coastal communities and international markets.
Core industries maintained momentum. Shipbuilding saw rises in new orders, completions, and overall handovers. Freight transport volumes expanded 6.8%, with port cargo handling up 9.4%. Marine trade value climbed 7.2%, reflecting deepened global supply chain integration.
High-growth areas in marine engineering equipment delivered standout results, with new orders surging 36.4%, deliveries rocketing 60%, and backlog growing 8.9%. This multifaceted progress illustrates China’s blueprint for a modern, green maritime powerhouse, poised to navigate future challenges with innovation and scale.
