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China's maritime output nears 6 trillion yuan

Xinhua, March 18, 2015 Adjust font size:

China's maritime economy generated a total of 5.99 trillion yuan (962.4 billion U.S. dollar) in 2014, a 7.7-percent increase over 2013, the State Oceanic Administration (SOA) said in a report on Wednesday.

Aside from traditional maritime sectors such as inshore fishing, sea farming and pelagic fisheries, the report also highlighted maritime biomedicine, seawater utilization and coastal tourism, which all had double-digit growth in 2014.

The report said China's maritime economy has become an important part and a boost to the national economy, and its total output accounted for 9.4 percent of the total gross domestic product (GDP) in 2014. It also employed some 35.54 million people.

He Guangshun, deputy head of China Oceanic Information Network, said the maritime economy accounts for only 1 to 3 percent of GDP in most maritime countries, and only a few reach 6 to 7 percent.

China is building its ambitions to become a maritime power and has been promoting its Maritime Silk Road initiative for cooperation across the region.

Zhang Zhanhai, an official with the SOA, said China will continue international cooperation with major maritime countries in trade, technology and marine affairs. Endi