Published: 16:05, November 20, 2023 | Updated: 16:23, November 20, 2023
China's marine industry grows stably in first nine months
By Xinhua

This aerial photo taken on Nov 14, 2023 shows the Bozhong 19-6 condensate gas field in China's Bohai Sea. (PHOTO / XINHUA)

BEIJING - The marine economy in China continued to post stable growth in the first nine months of 2023, the Ministry of Natural Resources said Monday.

The country's gross marine product grew 5.8 percent year-on-year to 7.2 trillion yuan (about $1 trillion) in the first three quarters, He Guangshun, director of the marine strategic planning and economics department of the ministry, told a press conference.

ALSO READ: China's express delivery sector keeps rapid growth in Jan-Oct

New orders received by China's shipbuilders for seagoing ships rose 40.2 percent year on year during the period

The output of offshore crude oil and natural gas increased by 4.6 percent and 9.7 percent from a year ago, respectively, during this period.

Demand for new ships soared from January to September, buoying shipbuilding business performance, He said.

New orders received by China's shipbuilders for seagoing ships rose 40.2 percent year on year during the period.

ALSO READ: Global shipping insiders bet on China for sustained growth

The country's marine tourism also rebounded, with marine passenger traffic jumping 121 percent year-on-year, and up 0.4 percentage points in September compared with the first eight months of the year.