MIL-OSI Russia: China’s Marine Economy Development Index Up 2.3% in 2024

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

HAIKOU, June 8 (Xinhua) — China’s marine economic development index, a key indicator of the country’s progress in the sector, increased 2.3 percent year on year to 125.2 in 2024, showing robust development of the maritime sector.

The index was released by China’s Ministry of Natural Resources on Sunday to mark World Oceans Day.

Data show that in 2024, China’s maritime sector structure was further optimized and technological innovation capability was improved. The sub-index of marine economy optimization and upgrading in 2024 was 131, up 1.8 percent year on year.

The ministry’s statistics also show that the added value of emerging marine industries grew 7.2 percent year-on-year in 2024. Marine-related companies raised 11.4 billion yuan (US$1.58 billion) in IPOs, accounting for 17 percent of the total funding for all IPO companies in China, indicating strong capital market activity in the maritime sector. –0–

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