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Last updated at: (Beijing Time) Friday, April 09, 2004

China witnesses fast growth in marine economy in 2003

China witnessed a fast growth in marine economy in 2003 and the overall marine production value in 2003 hit a record high of 1 trillion yuan (about 120 trillion), said a report published Friday.


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China witnessed a fast growth in marine economy in 2003 and the overall marine production value in 2003 hit a record high of 1 trillion yuan (about 120 trillion), said a report published Friday.

The country's marine economy, accounting for 3.82 percent of its gross domestic product (GDP), rose 9.4 percent with an added value of 445.55 billion yuan (nearly 54 billion US dollars) in 2003, according to the report on land and natural resources.

The added value of the primary industry including oceanic fishery reached 130.28 billion yuan (15.75 billion US dollars) in 2003, up 6.4 percent, and that of the second industry including oceanic oil-gas and ship-making industrial sectors jumped 46.5 percent to 122.19 billion yuan (14.775 billion US dollars).

The added value of the third industrial sector dropped 3.8 percent to 193.09 billion yuan (23.3 billion US dollars) due to negative impact of SARS (severe acute respiratory syndrome) on seaside tourism.

The total marine economy of the Yangtze River Delta economic zone, topping all other Chinese economic zones, exceeded 300 billion yuan ( 36.27 billion US dollars) for the first time.

Last year, China issued its first special marine economic development program aimed at boosting its marine industries. According to the blueprint, the marine economy is expected to contribute over five percent of the country's GDP by the year 2010.


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