First marine economy plan issued

THE State Council on Tuesday issued its first special marine economic development programme aimed at boosting the country’s marine industries.  

Under the programme, the country’s marine economy is expected to contribute about 4% of the country’s gross domestic product (GDP) within two years, and over 5% by 2010.  

The programme, for the first time, sets out a clear-cut definition of the so-called “marine economy” as the total of various industries involved in sea exploration and related economic activities.  

As for the marine industries, said the programme, these include ocean fisheries, ocean communication and transport, ocean oil and gas, seaside tourism, ocean shipping, marine bio-medicine, sea water utilisation and salt production.  

Wang Fei, spokesman for the State Oceanographic Administration, said the new programme will consolidate the exploration of marine resources, improve economic layout of coastal areas and facilitate industrial structural adjustment, all of which will, in turn, make the marine economy the country’s new economic growth point.  

Wang is confident of meeting the economic goals set by the programme. 

“The marine economy has seen a fast growth rate in the past two decades, and this programme will help maintain the high speed into the future,” he said.  

The average yearly growth rate of the marine economy maintained at over 20% during the 1990s, jumping from 8bil yuan (RM3.671bil) in 1980 to over 285bil yuan (RM130.7bil) by the end of the decade. 


To fulfil the goal, the programme has designated 11 comprehensive marine economic zones.  


Within the framework, various local governments can produce their own supporting development programmes. – China Daily. 

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