Core Insights - The marine economy has shown resilience and positive growth in the first half of the year, with a marine GDP of 5.1 trillion yuan, representing a year-on-year increase of 5.8% [1] Marine Economic Performance - The supply capacity of marine resources has steadily improved, with a newly approved area for marine and island use of 167,000 hectares, an increase of 25.2% year-on-year, involving investments exceeding 500 billion yuan [1] - Marine crude oil and natural gas production increased by 2.3% and 16.9% year-on-year, respectively [1] - The offshore wind power sector saw a significant increase, with new grid-connected capacity and power generation rising by 199.4% and 2.2% year-on-year [1] Traditional Marine Industries - The traditional marine industries continue to play a stabilizing role, with the marine shipbuilding industry maintaining a leading position in the international market. The new orders, completed orders, and hand-held orders accounted for 64.0%, 47.2%, and 57.6% of the global total, respectively [1] - The marine tourism sector's added value grew by 8.0%, with the total number of passengers received at national cruise ports increasing by 40.1% year-on-year [1] - The marine transportation sector demonstrated resilience, with marine freight volume and cargo turnover increasing by 5.2% and 6.9% year-on-year, respectively [1] Emerging Marine Industries - The development of emerging marine industries is promising, with marine engineering equipment deliveries and hand-held order amounts increasing by 39.3% and 9.7% year-on-year, respectively [1] - The "Starfish Model" for marine drug research has been launched in Qingdao, and the megawatt generator "Fengjin" has been continuously connected to the grid for over three years [1]

Core Insights - The marine economy has shown resilience and positive growth in the first half of the year, with a total marine production value of 5.1 trillion yuan, representing a year-on-year increase of 5.8% [1] Marine Resource Supply - The capacity for marine resource supply has steadily increased, with a newly approved area for marine and island use of 167,000 hectares, up 25.2% year-on-year, involving an investment exceeding 500 billion yuan [1] - Marine crude oil and natural gas production increased by 2.3% and 16.9% year-on-year, respectively [1] - The capacity and generation of offshore wind power saw significant growth, with new grid-connected capacity increasing by 199.4% and generation up by 2.2% [1] - The construction of the "blue granary" is progressing well, with domestic marine aquaculture production increasing by 4.8% year-on-year [1] Traditional Marine Industries - Major traditional marine industries continue to play a stabilizing role, with the marine shipbuilding industry maintaining a leading position in the international market. The new orders, completed orders, and hand-held orders for marine vessels accounted for 64.0%, 47.2%, and 57.6% of the global total, respectively [1] - The marine tourism sector's added value grew by 8.0%, with the total number of passengers received at national cruise ports increasing by 40.1% year-on-year [1] - The resilience of the marine transportation industry is evident, with marine freight volume and cargo turnover increasing by 5.2% and 6.9% year-on-year, respectively [1] Emerging Marine Industries - The development of emerging marine industries is promising, with the delivery and hand-held order value of marine engineering equipment increasing by 39.3% and 9.7% year-on-year, respectively [1] - Qingdao has launched a "Starfish Model" for marine drug research and development, and the megawatt-level generator "Fengjin" has been continuously grid-connected for over three years [1]

Core Viewpoint - The "Dongying City Marine Economy High-Quality Development Action Plan (2025-2027)" aims to guide the high-quality development of the marine economy in Dongying City, focusing on traditional industries, emerging industries, and marine services, with a target marine production value exceeding 145 billion yuan by 2027 [3][4]. Group 1: Industry Development - The plan includes three major actions: upgrading traditional marine industries, nurturing emerging marine industries, and developing marine services, with 19 specific tasks outlined [3][4]. - Traditional marine industries will focus on modernizing fisheries, enhancing the marine chemical industry, and promoting the development of marine aquaculture [4]. - Emerging marine industries will include the development of renewable energy projects, marine engineering equipment manufacturing, and marine pharmaceuticals [4]. - The marine service sector will aim to elevate marine tourism and develop new service formats to support marine industries [4]. Group 2: Port Development - The plan emphasizes the importance of ports as strategic support, aiming for a port cargo throughput exceeding 120 million tons by 2027 [5]. - Key projects include the planning and construction of major port facilities and enhancing the integration of port, industry, and city [5]. Group 3: Technological Innovation - The action plan highlights the need for technological innovation as a primary driver, proposing the establishment of marine technology innovation platforms and enhancing talent recruitment and training [6][7]. Group 4: Ecological Protection - The plan stresses ecological priority, proposing actions for marine pollution control, ecological restoration, and marine carbon sink research [8]. Group 5: Maritime Safety - The action plan includes measures for enhancing maritime safety through disaster prevention and risk control capabilities [9]. Group 6: Implementation Measures - The Dongying Marine Development and Fisheries Bureau will focus on effective implementation of the action plan through coordinated efforts and project-based approaches [10].

Core Viewpoint - The East China Sea Economic Zone, including Jiangsu, Shanghai, Zhejiang, and Fujian, is a vital area for China's marine economy, showing significant growth and structural optimization in marine industries, with a projected marine GDP of 45,992.9 billion yuan in 2024, a 7.1% increase year-on-year, accounting for 43.6% of the national marine GDP [9][10]. Group 1: Marine Economic Growth - Jiangsu's marine economy surpassed 1 trillion yuan for the first time in 2024, maintaining a steady growth trend since 2014 [11]. - Fujian's marine GDP exceeded 1.25 trillion yuan in 2024, marking a 6.1% year-on-year growth, ranking third nationally for ten consecutive years [15]. - Shanghai's marine GDP reached 1,138.7 billion yuan in 2024, contributing 10.8% to the national marine GDP, with a significant increase in advanced manufacturing [17]. Group 2: Industry Structure and Performance - In 2024, the East China Sea's marine industry structure showed a decline in the first and second industries' share, with the third industry increasing to 59.7% [10]. - Jiangsu's marine oil and gas industry led with a value-added of 7.73 billion yuan, growing by 37.5%, while other traditional industries also saw double-digit growth [10]. - Shanghai's marine shipbuilding industry achieved a value-added of 21.67 billion yuan, with significant increases in new orders and deliveries [17]. Group 3: Regional Highlights - Zhejiang's Ningbo-Zhoushan Port maintained its position as the world's busiest port, handling 1.377 billion tons of cargo in 2024, a 4% increase [13]. - Fujian is recognized as the "seafood granary," with a total aquatic product output of 9.246 million tons in 2024, leading the nation in various seafood exports [15][16]. - The establishment of the Marine Economic Development Bureau in Zhejiang aims to enhance the province's marine economic potential and support high-quality economic development [14].

Core Viewpoint - The article highlights the significant growth potential of China's marine economy, driven by supportive government policies and a projected increase in economic value, with the total expected to exceed 10 trillion yuan by 2024, marking a 75.9% increase over the past decade [1][7]. Policy Support - The Central Financial Committee's sixth meeting emphasized the need for high-quality development of the marine economy, advocating for enhanced top-level design and increased policy support to encourage social capital participation [2][3]. - Recent policies from various provinces, including Guangdong and Shanghai, focus on modernizing marine industries and establishing development funds to support marine economic growth [5][6]. Market Dynamics - As of 2024, the marine economy is projected to reach 10.54 trillion yuan, with a year-on-year growth of 5.9%, contributing 7.8% to the national GDP [7]. - The OECD forecasts that by 2030, the global economic value of the ocean will surpass 3 trillion USD, equivalent to the fifth-largest economy in the world [7]. Industry Growth Areas - The marine economy encompasses various sectors, including marine fisheries, transportation, engineering equipment manufacturing, and tourism, with a shift towards high-end and diversified development [7][8]. - The deep-sea technology sector is expected to see significant advancements, with a focus on resource exploration, extraction, and processing, supported by government policies [8][9]. Investment Opportunities - Analysts suggest focusing on high-end marine equipment manufacturing and deep-sea technology, as these areas are likely to benefit from the recent policy initiatives and market growth [9].

Core Insights - The marine economy in Shenzhen is projected to reach a total output value of 540.94 billion yuan in 2024, marking a significant milestone and serving as a crucial engine for the city's stable economic development [1] Group 1: Marine Industry Development - Shenzhen's foreign trade measures have shown significant effectiveness, with the marine transportation industry leading the way [1] - The marine tourism sector continues to thrive, supported by strong supply and demand in the market [1] - The marine oil and gas industry is experiencing sustained growth in reserves and production, solidifying its pillar status [1] - The marine engineering equipment market is seeing active demand, with steady growth in marine engineering manufacturing and shipbuilding industries [1] - The inclusion in the Ministry of Commerce's pilot program for expanding service industry openness has led to robust growth in marine technology and information services [1] Group 2: Technological Innovation and Green Development - Shenzhen is committed to a "digital, green, and domestic" industrial development direction, focusing on technological innovation as the core driving force [2] - Support for CNOOC's Shenzhen branch in implementing oil and gas reserve enhancement projects in the South China Sea has strengthened marine oil and gas development capabilities [2] - The successful production of Asia's first deep-water jacket platform and the first cylindrical FPSO marks significant advancements in marine engineering [2] - A major oil field discovery near Shenzhen, with a capacity of 1.9 billion tons, highlights the city's achievements in overcoming deep-sea exploration challenges [2] Group 3: Marine Manufacturing and Services - Shenzhen is actively nurturing marine manufacturing sectors, including shipbuilding, marine engineering equipment, and related materials [3] - The city is promoting the development of green and intelligent marine products, such as underwater robots and smart boats, in response to industry trends [3] - The Marine Development Bureau is facilitating the introduction of high-quality marine industry projects and attracting key enterprises [3] Group 4: Policy Support and Infrastructure Development - Shenzhen is increasing policy and financial support for marine high-end equipment and biotechnology projects [4] - The establishment of the first "marine industry professional park" in Shenzhen Bay Eco-Tech Park is a significant step in advancing marine industry infrastructure [4] - Strategic cooperation agreements with various organizations aim to enhance marine technology and service capabilities [4] Group 5: Open Testing Zones and Collaborative Initiatives - The establishment of Shenzhen's first open water testing zone for marine intelligent equipment is a key initiative to facilitate research and development [5] - Collaborative efforts among city planning, marine development, and other departments are aimed at resolving critical issues related to site selection and infrastructure [5] - The construction of a comprehensive marine testing ground in Dapeng Bay is underway, focusing on sensor and underwater equipment testing [5][6]

Core Viewpoint - Guangdong province is leading in marine economy development, with a focus on innovation and structural upgrades in traditional industries, particularly in coastal cities like Guangzhou and Shenzhen [2][3][4]. Group 1: Marine Economic Performance - Guangdong's marine economy has surpassed 2 trillion yuan, with Guangzhou and Shenzhen leading at 4,979 billion yuan and 5,409 billion yuan respectively for 2024 [2][6][7]. - Guangzhou's marine economic activities include over 30,000 enterprises, with a shipbuilding industry output exceeding 50 billion yuan, growing by 8% year-on-year [7]. - Shenzhen's marine information service sector has a value-added of 1,061 billion yuan, growing by 10.1%, while marine tourism increased by 11.6% [7][8]. Group 2: Innovation and Emerging Industries - High-tech marine industries such as advanced shipbuilding, marine electronic information, and marine engineering equipment are becoming focal points for policy in both Guangzhou and Shenzhen [7][9]. - Shenzhen has achieved several global firsts in marine technology, including deep-sea mining and offshore wind power projects, indicating a strong push towards innovation [8][9]. Group 3: County-Level Development - County-level cities along Guangdong's coastline are also focusing on transforming traditional marine industries through technological upgrades and diversification [12][13]. - For instance, the county of Raoping has made significant advancements in fish seed technology, aiming for a total fishery output of over 6 billion yuan by 2024 [14][15]. Group 4: Future Prospects and Investments - The province aims to cultivate new marine industries, leveraging its strengths in electronic information and renewable energy, with plans to develop several billion-yuan industry clusters [10][11]. - Investments in marine aquaculture and related infrastructure are expected to significantly boost production and economic output in coastal counties [15][16].

Core Insights - The Guangdong provincial marine economy work conference highlighted Shenzhen's ambitious marine economic growth targets for 2024, aiming for a marine GDP of 540.9 billion yuan, accounting for 14.7% of the total GDP, with a growth rate of 5.8% [1] - Shenzhen's marine information service industry is projected to reach an added value of 106.1 billion yuan, growing by 10.1%, while the marine tourism sector is expected to grow by 11.6% [1] Marine Industry Development - Shenzhen plans to enhance its marine industrial sector by focusing on the development of marine oil and gas, shipbuilding, marine engineering equipment, and related materials, with an emphasis on green and smart vessels, yachts, unmanned boats, underwater robots, and marine pharmaceuticals [2] - The city aims to achieve a marine industrial added value of 215 billion yuan by the end of the 14th Five-Year Plan, with an average annual growth rate exceeding 12% [1][2] Marine Services Expansion - The marine service industry will leverage Shenzhen's electronic information industry to establish a "5G + satellite" integrated marine network, while promoting marine tourism through new cruise and yacht products [2] - The goal is to increase the added value of marine services to 736 billion yuan by the end of the 14th Five-Year Plan, with an average annual growth rate of over 10% [1][2] Port and Shipping Enhancements - Shenzhen aims to elevate its port and shipping service capabilities, focusing on the construction of an international shipping center, including the development of automated and smart ports using AI and unmanned technologies [3] - The port's container throughput has consistently ranked among the top four globally, with an 11.7% growth last year and an 11.1% increase in the first five months of this year [3] Future Technological Advancements - The city will concentrate on key areas such as marine electronic information, high-end intelligent marine equipment, ship electrification, deep-sea mining, marine satellite communication, and marine pharmaceuticals to foster technological innovation and new business models [3]

Core Insights - The marine economy in China has reached a production value exceeding 10 trillion yuan, marking a 5.9% increase from the previous year, which is 0.9 percentage points higher than the national economic growth rate [1][2] - The marine economic development index for 2024 is projected to be 125.2, reflecting a 2.3% increase from the previous year, with the base year set at 2015 [1] - The number of marine economic activity units has increased by 6% year-on-year, indicating growth in the sector [1] Industry Performance - The added value of emerging marine industries has grown by 7.2%, while the marine manufacturing sector's added value is 3.2 trillion yuan, accounting for over 30% of the marine production value [1] - Marine oil and gas production has seen increases of 4.7% and 8.7% respectively, while offshore wind power generation has surged by 28.2% [2] - The scale of seawater desalination projects has grown by over 10% compared to the previous year [2] Trade and Export - The total import and export volume of maritime trade, along with international container throughput and ship export value, has reached historical highs [2] - Ship export value reached 308.65 billion yuan, representing a year-on-year growth of 58.7%, with China's share of global ship completions at 42.7%, an increase of 5.9 percentage points from the previous year [2] - Trade with countries involved in the Belt and Road Initiative amounted to 22.1 trillion yuan, with coastal countries accounting for 19 trillion yuan, reflecting a 6.3% increase from the previous year [2] Tourism and Consumption - The marine tourism market is experiencing significant growth, with coastal cities receiving over 14% more domestic tourists compared to the previous year [2] - The per capita consumption of marine aquatic products is expected to reach 27 kilograms, indicating a continued increase in the supply of high-quality protein [2] Strategic Outlook - The Ministry of Natural Resources emphasizes the need to cultivate new productive forces in the marine sector, accelerate the establishment of a modern marine industry system, and enhance the development and protection of marine resources to support high-quality growth in the marine economy [2]

Group 1: Marine Economic Performance - The marine GDP for the first quarter reached 2.5 trillion yuan, showing a year-on-year growth of 5.7% [1] - The traditional marine industries are performing steadily, with key shipbuilding indicators such as new ship orders and completed ship orders remaining within a reasonable range, maintaining a leading global market share [1] - The marine tourism sector has seen rapid growth, achieving an added value of 384.2 billion yuan, which is a year-on-year increase of 7.5% [1] Group 2: Emerging Marine Industries - The marine engineering equipment manufacturing sector is experiencing positive growth, with new orders, delivered orders, and hand-held orders increasing by 57.1%, 114.3%, and 24.2% respectively [2] - Significant breakthroughs have been made in marine pharmaceuticals, including the initiation of phase II clinical trials for a new anti-tumor drug and the assembly of a reference chromosome map for the three-spot seahorse [2] - The marine food and water resource supply foundations are being strengthened, with marine product output increasing by 4.5% year-on-year, and the development of desalination projects in the Antarctic showing positive progress [2] Group 3: Marine Trade Resilience - Despite global economic challenges, marine foreign trade has demonstrated resilience, with exports of high-end, intelligent, and green marine products showing good growth [3] - The export of wind turbine generators has increased by 43.2% year-on-year, indicating strong international competitiveness and trade resilience in the marine sector [3]