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China

Three major demands drive the simultaneous increase in quantity and quality of the marine economy

2024-03-25   

According to data recently released by the Ministry of Natural Resources, after preliminary calculations, the total marine production value in 2023 reached 990.97 billion yuan, an increase of 6.0% compared to the previous year and 0.8 percentage points higher than the national economic growth rate, showing a strong recovery trend. The gross domestic product (GDP) of the ocean accounted for 7.9% of the country's GDP, an increase of 0.1 percentage points from the previous year. Cui Xiaojian, Deputy Director of the National Marine Information Center, analyzed that the three major demands have driven the simultaneous increase in quantity and quality of the marine economy. Firstly, consumption in the marine sector continues to recover and improve. With the implementation of policies and measures to expand domestic demand and promote consumption, the release of consumer demand among residents has accelerated, and the marine tourism consumption market has significantly rebounded, driving the rapid recovery of service consumption in coastal areas such as accommodation, catering, and transportation. In 2023, the ocean passenger volume and passenger turnover increased by 122.3% and 125.4% year-on-year, respectively. In 2023, the tourism revenue of Jiangsu and Hainan increased by 45.7% and 71.9% year-on-year, respectively, exceeding the level of 2019. Data shows that in 2023, marine tourism consumption is becoming more diversified, and integrated formats are constantly emerging. "Performing arts+ocean tourism" and "museums+ocean tourism" have become new hotspots. Residents are gradually upgrading their diets towards higher quality, and the market for marine aquatic products is experiencing a thriving supply and demand. In 2023, the import volume of aquatic products in China increased by 4.7% year-on-year, and the prices of marine aquatic products increased by 3.9% year-on-year. Second, the growth of marine fixed assets investment is good. In terms of port construction, from January to November 2023, fixed assets investment in coastal ports will reach 83.5 billion yuan, up 16.8% year on year, 10.5 percentage points faster than the same period last year, and the level of port greening and intelligence will be further improved. The construction of the cross sea high-speed railway and underwater tunnels continues to advance, and the Fuzhou Xiamen high-speed railway, Dalian Bay underwater tunnel, and extension line projects have been completed and put into use. Thirdly, the volume and quality of ocean foreign trade have steadily increased. In 2023, facing multiple risks and challenges such as sluggish international demand and geopolitical uncertainty, China's marine shipbuilding industry is leading the world in three major indicators: completion of sea vessels, orders for new sea vessels, and orders for handheld sea vessels. Ships are exported to 191 countries and regions, with a year-on-year increase of 35.4% in export value. With the significant increase in the export scale of new energy vehicles in China, the new orders received by automobile transport ships account for 82.7% of the global total. In 2023, the international container throughput of coastal ports in China increased by over 4% year-on-year, and the throughput of foreign trade goods completed by coastal ports increased by nearly 10% year-on-year. It is worth noting that the growth rate of China's marine manufacturing industry is higher than that of the whole country. Data shows that in 2023, the added value of the marine manufacturing industry was 2986.1 billion yuan, an increase of 7.0% compared to the previous year, which is 2 percentage points higher than the growth rate of the national manufacturing industry. Among them, the added value of the marine shipbuilding industry was 115 billion yuan, an increase of 17.6% compared to the previous year. The marine engineering equipment manufacturing industry has developed well, achieving an added value of 87.2 billion yuan throughout the year, an increase of 5.9% compared to the previous year. The domestic and international markets have strong demand for chemical products in China, with increased production and sales. The added value of the marine chemical industry is 434.3 billion yuan, an increase of 10% compared to the previous year. At the same time, the marine service industry promotes national economic growth. In 2023, the added value of the marine service industry reached 5896.8 billion yuan,

Edit:He Chuanning Responsible editor:Su Suiyue

Source:ECONOMIC DAILY

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