Core Viewpoint - Coastal provinces in China are actively promoting the development of the marine economy, recognizing its significance in national economic growth [1][2] Group 1: Marine Economy Development - Various provinces are implementing different strategies to enhance marine economic development, including focusing on traditional industries like fishing and aquaculture, and supporting emerging industries such as underwater robotics [2][4] - The marine economy encompasses a wide range of industries, including marine fisheries, shipbuilding, transportation, and tourism, totaling 15 sectors [2] Group 2: Innovation and Financial Support - The sustainable development of the marine economy requires strong internal motivation from innovation entities like research institutions and enterprises, supported by a stable development environment and clear rights boundaries [2][4] - Local governments are optimizing the business environment through legal frameworks to enhance the innovation capabilities of marine economy stakeholders [2][4] Group 3: Blue Finance Initiatives - Blue finance, which supports the marine economy, is being explored and innovated by local departments to create a specialized financial system tailored to marine economic needs [3][4] - Financial institutions are developing credit products that align with marine industries, expanding the blue bond market, and enriching blue insurance offerings to inject financial resources into the marine economy [4] Group 4: Challenges and Collaborative Solutions - The marine economy faces challenges such as high investment costs, long return periods, and significant risks, leading to a substantial financing gap for sustainable development [4] - To address financing difficulties, collaboration among various stakeholders is essential, including the formulation of targeted fiscal policies and the development of innovative financing tools [4]

Core Viewpoint - The article discusses the "Shanghai Marine Industry Development Plan (2025-2035)" which aims to establish a world-class shipbuilding and marine engineering equipment industry cluster, with significant growth targets set for 2030 and 2035 [1][2][4]. Group 1: Industry Development Goals - By 2030, the added value of the shipbuilding and marine engineering equipment industry is expected to exceed 45 billion yuan, with the localization rate of large LNG carriers reaching over 85% [1][4]. - By 2035, the added value of the shipbuilding and marine engineering equipment industry is projected to exceed 70 billion yuan, establishing a world-class industry cluster with strong international influence [4]. - The plan includes the construction of a modern shipping service industry cluster, aiming for Shanghai Port's container throughput and port connectivity index to rank first globally by 2030 [4]. Group 2: Emerging Industry Initiatives - The plan proposes a comprehensive innovation initiative for emerging marine industries, focusing on core technology breakthroughs and the establishment of new marine digital infrastructure [3][4]. - It emphasizes the development of marine intelligent equipment, including underwater robots and autonomous systems, to enhance capabilities in deep-sea exploration and marine operations [4]. Group 3: Economic Potential - The OECD predicts that by 2030, the economic value of the ocean will exceed 3 trillion USD, equivalent to the size of the fifth-largest economy globally [6]. - In China, the marine production value is expected to surpass 10 trillion yuan in 2024, with significant growth in marine industries such as shipbuilding and marine engineering equipment manufacturing [6][7]. - The marine economy is showing positive growth trends, with a reported 5.7% year-on-year increase in marine production value in the first quarter of the year [6]. Group 4: Policy and Support Framework - The plan includes proposals for enhancing the marine regulatory policy framework and increasing financial support for the marine industry [5]. - It suggests the establishment of a marine industry development group to coordinate the city's marine industry layout and development [5].