China: Maritime industries grew 15 pct in 2007

19 February 2008

Shanghai, China, 19 Feb – China’s maritime industries, including fishing, sea transport, offshore oil exploration, tourism and shipbuilding, grew by 15 percent in 2007, Xinhua news agency reported Monday.

According to China’s Ocean Administration, the nation’s seas accounted for 10 percent of GDP in 2007, which reached US$ 3.43 billion.

Sea transport, tourism and fisheries accounted for 80 percent of the total maritime sector expansion, with new sub sectors recording rapid development. Among these, bio-marine pharmaceuticals were prominent with an increase of 37 percent and production worth 4 billion yuan.

Offshore wind farms were introduced to China last year and generated income of 500 million yuan.

Some 31.5 million people were employed in China’s maritime industries in 2007, 1.9 million more than the previous year. (macauhub)