Briefly

Marine economy GDP exceeds 9 trillion yuan

The GDP of China's marine economy, which covers industries ranging from navigation and fishery to shipbuilding, exceeded 9 trillion yuan ($1.25 trillion) in 2022, according to the ministry of transport. The ministry released the data at a forum marking the 19th Maritime Day of China in Cangzhou, North China's Hebei province. According to the ministry's report, about 95 percent of China's foreign trade goods are transported via marine shipping.

Shipbuilding sector expands in first half

China's shipbuilding industry recorded sound development in the first half, with double-digit increases in output, new orders and holding orders. The country's shipbuilding output hit 21.13 million deadweight tons during the period, increasing 14.2 percent year-on-year and accounting for 49.6 percent of the world's total, data from the Ministry of Industry and Information Technology showed.

Xinhua - China Daily