Core Insights - The marine economy in China showed resilience in the first half of the year, with a gross marine product of 5.1 trillion yuan, reflecting a year-on-year growth of 5.8% despite external pressures [1] Group 1: Traditional Marine Industries - The marine shipbuilding industry maintained a leading position in the international market, with new orders, completed orders, and hand-held orders accounting for 64.0%, 47.2%, and 57.6% of the global market, respectively [1] - The marine tourism sector experienced an 8.0% increase in added value, with cruise ports receiving 40.1% more passengers compared to the previous year [1] - The marine transportation sector demonstrated resilience, with marine cargo volume and cargo turnover increasing by 5.2% and 6.9%, respectively [1] Group 2: Emerging Marine Industries - The offshore engineering equipment construction market in China continued to lead globally, with new order value, delivered order value, and hand-held order value representing 64.6%, 43.3%, and 62.6% of the international market, respectively [2] - The supply capacity of marine resources steadily improved, with a 25.2% year-on-year increase in newly approved marine and island areas, involving investments exceeding 500 billion yuan [2] - Marine oil and natural gas production increased by 2.3% and 16.9%, respectively, while offshore wind power saw a remarkable growth in new grid-connected capacity and generation, increasing by 199.4% and 2.2% [2] Group 3: Business Outlook and Trade - A significant proportion of marine enterprises reported positive expectations for production and operations, with 87.6% of companies optimistic or neutral about the economic environment in the second half of the year [3] - Marine foreign trade remained stable, with a 1.1% year-on-year increase in maritime import and export volume, showing resilience amid challenging international conditions [3] - High-end, intelligent, and green marine products continued to show competitive advantages, contributing to export growth, with ship and wind turbine exports increasing by 20.0% and 13.7%, respectively [3]

Economic Overview - The marine economy in China showed 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 Equipment and Traditional Industries - The shipbuilding sector demonstrated improved production efficiency, with a year-on-year increase of 4.7% in completed marine vessels [2] - China's shipbuilding industry maintained a leading international market share, with new orders, completed orders, and hand-held orders accounting for 64.0%, 47.2%, and 57.6% of the global total, respectively [2] - The marine transportation sector showed resilience, with marine cargo volume and turnover increasing by 5.2% and 6.9% year-on-year, respectively [2] Emerging Marine Industries - The marine engineering equipment construction market continued to lead globally, with new order value, delivered order value, and hand-held order value accounting for 64.6%, 43.3%, and 62.6% of the international market share, respectively [3] - The competitiveness of marine pharmaceuticals and biological products has improved, with advancements in marine drug research capabilities [3] Marine Resource Development - The area approved for marine and island projects increased by 25.2% year-on-year, involving investments exceeding 500 billion yuan [4] - The development of marine oil and gas resources is progressing steadily, with significant projects nearing completion [4] - The capacity for marine clean energy supply has improved, with offshore wind power generation increasing by 2.2% and new grid-connected capacity rising by 199.4% [4] Employment and Business Outlook - Nearly 90% of marine-related enterprises expect stable or increased average employment numbers in the second half of the year [5] - A significant proportion of enterprises reported growth in revenue, profit, and R&D expenditure compared to the previous year [5] Technological Advancements - The establishment of the National Marine Comprehensive Test Field in Hainan aims to support deep-sea scientific research and technology innovation [6] - The launch of the "Marine Technology Online Market" in Qingdao integrates big data and AI to accelerate technology transfer and industrialization [6] Trade and Port Development - The total import and export volume of marine shipping increased by 1.1% year-on-year, indicating a gradual recovery in marine trade [7] - The construction of smart green ports is accelerating, with 23 automated container terminals and 29 automated bulk cargo terminals completed [7] - New direct shipping routes have been established, expanding the layout of marine foreign trade routes [7]

Group 1: Overall Economic Performance - The marine economy in China showed 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] - The traditional marine industry is developing steadily, with shipbuilding completion volume increasing by 4.7% year-on-year [2] Group 2: Marine Equipment and Emerging Industries - The marine engineering equipment construction market continues to lead globally, with new orders, delivered orders, and hand-held orders accounting for 64.6%, 43.3%, and 62.6% of the international market share, respectively [3] - The marine pharmaceutical and biological products sector is enhancing its competitiveness, with advancements in marine drug research and development [3] Group 3: Investment and Resource Development - In the first half of the year, 16.7 million hectares of new marine and island projects were approved, with investments exceeding 500 billion yuan, ensuring the demand for major projects [4] - The marine clean energy supply capacity is improving, with offshore wind power generation increasing by 2.2% and new grid-connected capacity rising by 199.4% [4] Group 4: Business Outlook and Employment - Nearly 90% of marine-related enterprises expect stable or increasing average employment numbers in the second half of the year [5] - A significant proportion of enterprises reported growth in revenue, profit, and R&D funding compared to the previous quarter [5] Group 5: Technological Advancements - The establishment of the National Marine Comprehensive Test Field (Deep Sea) in Hainan aims to support deep-sea scientific research and technology innovation [6] - The launch of the "Marine Technology Online Market" in Qingdao integrates big data and AI to accelerate technology transfer and industrialization [6] Group 6: Trade and Port Development - The total import and export volume of marine shipping increased by 1.1% year-on-year, indicating resilience in marine foreign trade [7] - The construction of automated container and bulk cargo terminals is progressing, with 23 automated container terminals and 29 automated bulk cargo terminals completed [7]

Core Viewpoint - In the first half of the year, China's marine economy demonstrated resilience and steady growth, with a total marine production value of 5.1 trillion yuan, reflecting a year-on-year increase of 5.8% [1] Group 1: Economic Performance - The marine economy has shown a steady increase in total value, with a production value of 5.1 trillion yuan in the first half of the year [1] - The growth rate of the marine production value is 5.8% year-on-year, indicating a positive trend in the sector [1] Group 2: Trade and Industry Dynamics - Marine foreign trade remained stable, with a year-on-year increase of 1.1% in shipping import and export total, which is an improvement of 1.0 percentage points compared to the first quarter [1] - Exports of ships and wind turbine generators and parts saw significant growth, increasing by 20.0% and 13.7% year-on-year, respectively [1]

Core Insights - The marine economy in China showed steady growth in the first half of 2025, with a total marine GDP of 5.1 trillion yuan, reflecting a year-on-year increase of 5.8% [2] Group 1: Traditional Marine Industries - The development of traditional marine industries is stable, with shipbuilding companies improving production efficiency, resulting in a 4.7% year-on-year increase in completed shipbuilding [2] - The marine tourism market is thriving, achieving an added value of 771.8 billion yuan, which is an 8.0% increase year-on-year, driven by favorable policies and rising travel intentions [2] Group 2: Emerging Marine Industries - The marine engineering equipment construction market is recovering, with China leading the world in three key indicators: new orders (64.6% market share), delivered orders (43.3% market share), and hand-held orders (62.6% market share) [2] Group 3: Marine Resource and Energy Supply - The approval of new marine and island usage areas increased by 25.2% year-on-year, covering 167,000 hectares, with investments exceeding 500 billion yuan, supporting major project needs [2] - Oil and gas resource development projects are progressing, with significant milestones achieved in key oil field projects [2] Group 4: Marine Foreign Trade - Marine foreign trade remains resilient, with a 1.1% year-on-year increase in maritime import and export volume, showing improvement from the first quarter [3] - High-end, intelligent, and green marine products are becoming significant growth drivers for exports, with ship and wind turbine exports increasing by 20.0% and 13.7% respectively [3] Group 5: Smart and Green Port Development - The construction of smart green ports is accelerating, with 23 automated container terminals and 29 automated bulk terminals established [3] - Significant advancements in zero-wait time operations for large vessels and the completion of low-carbon terminals are contributing to the green transition in major ports [3]