China's maritime economy grows steadily, total marine production up 5.4% year-on-year - Chinese report

According to a recent announcement by the Ministry of Natural Resources of China, China's marine economy grew steadily in the first nine months of this year. The total marine production value for the same period was 7.7 trillion former (about 165 trillion yen), up 1.2% from the same period last year.
This is a 5.4% increase from the previous quarter. The ability to secure marine resource factors has steadily improved. The permitted marine area nationwide in the first nine months of the year increased by 6.7% year-on-year, and project-related investment amounted to 740 billion former (approximately 1.2 billion yen).
6 trillion yen). Offshore energy production increased steadily. Offshore crude oil production increased by 5.9%, natural gas production increased by 8.8%, and offshore wind power generation increased by 29.5%.
Domestic seafood production increased by more than 4%. Marine-related businesses are generally doing well. Of the more than 900 businesses surveyed, over 60% saw their annual operating income decrease compared to the previous year.
More than 80% of companies expect the average number of employees to remain stable or grow compared to the previous year.