China gross oceanic product sees steady growth in Q1

Updated 2018-04-26 10:39:03 Xinhua

China's gross oceanic product rose 7 percent year on year to 1.8 trillion yuan (about 285 billion U.S. dollars) in the first quarter, according to the Ministry of Natural Resources.

The growth was slightly faster than the 6.9-percent increase for the full year of 2017, the ministry said in a statement.

Marine enterprises saw strong growth in profitability, with the combined profits of 767 companies monitored by the ministry surging 35.1 percent in the first two months.

A total of 2,126 new marine companies in monitored sectors were registered in January and February, up 23.2 percent year on year.

The ministry also said that electricity from offshore wind power facilities surged 75.7 percent to 1.73 billion kilowatt-hours in the first quarter.

China's economy expanded 6.8 percent year on year in the first three months, above an annual target of around 6.5 percent, official data showed last week.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 20 2018 07:48:29

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 20 2018 07:48:29

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 20 2018 07:48:29

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords