(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.
Shohei Ohtani Day to be annual event in Los Angeles for duration of his Dodgers career
Chiefs address biggest concerns in NFL draft with selections of wide receiver and offensive tackle
From Catherine Zeta Jones and Carys Douglas to Cindy Crawford and Kaia Gerber
Olly Murs shares he's juggling nappies and late nights as he gives insight into fatherhood while on
China's top legislature starts standing committee session
PSG fails to win the French league after drawing with struggling Le Havre
Josh Naylor, Ramon Laureano help Guardians outlast Braves 4
Simbine upstages Coleman and Kerley to win 100
FIFA Congress expected to reach important decisions
Kyle Larson's Indianapolis 500 qualifying attempt could derail NASCAR All