The Newly Rising “Blue Economyiod – Ban Ruochuan

Fron People’s Daily, via Press Interpreter, translated by Shirley Xiaobi Dong:

China’s marine economy has maintained growth with great momentum in recent years. As disclosed by relevant authorities of the State Oceanographic Bureau, the added value of China’s marine industry for the year 2005 is expected to reach 4% of China’s GDP of the same period. The “blue economy” has become a new booster of the country’s economy.

In 2004, the gross output value of China’s major marine industry is said to have reached 1284.1 billion yuan [approximately 160 billion dollars], with an increase of 526.8 billion yuan [approximately 65 billion dollars], which is equal to 3.9% of China’s GDP of the same period. The rate of increase is 9.8% adjusted for inflation, compared to the previous year.

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