China has made new progress in developing its marine economy, Sun Shuxian, Vice Minister of Natural Resources and Head of the State Oceanic Administration, said during a speech in Xiamen on the occasion of the 16th World Oceans Day.

According to official data, the marine economy accounts for about 8 per cent of China’s GDP. In 2023, the total marine economy will reach 9.9 trillion yuan (US$1,3 trillion).

The country’s Ministry of Natural Resources reports that in the first quarter of this year, foreign trade container turnover at Chinese ports rose 11 per cent year-on-year thanks to a recovery in external demand. This is reported by
Xinhua News Agency, a partner of TV BRICS.

As Sun Shuxian reminded, China had earlier signed cooperation agreements with more than 50 countries and international organisations in the maritime economy.

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