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China Daily | Updated: 2015-02-11 07:43

Governments and policies

Marine output value surges to $961 billion

The total value of China's marine output soared to about 6 trillion yuan ($961 billion) in 2014, representing a 7.6 percent year-on-year growth, the head of the State Oceanic Administration said during a work conference on Monday. Wang Hong, director of the SOA, said the overall maritime economy remained steady in the past year with improvements made to the industrial structure. The marine bio-pharmaceutical industry remained the fastest-growing sector, while the engineering equipment industry also saw rapid expansion.

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