China's gross ocean product tops 1.3 trln yuan in H1

2009-07-19 15:06:43 [ Big Normal Small ]    　Comment

ZHUHAI, July 19 (Xinhua) -- China's gross ocean product (GOP) topped 1.386 trillion yuan (202.96 billion U.S. dollars) in the first half, according to an initial assessment by the State Oceanic Administration (SOA).

Related: China's PPI falls 7.8% in June China's industrial output up 10.7% in June China's retail sales up 15.0% in H1 China urban fixed-asset investment up 33.5% in H1 China's June CPI falls 1.7%

The figure represented an increase of 6.9 percent over the same period last year, accounting for 9.91 percent of the country's gross domestic product (GDP), SOA vice director Wang Hong said at the opening of the first China Ocean Forum in Zhuhai, a city in southern Guangdong Province, Sunday.

"The country's GOP represented a further growth in the first half despite the world financial crisis, and will become one of the new economic engines in the future," Wang said.

Initiatives by local governments in coastal areas to develop ocean-related industries were the main contributing factor to the growth in GOP, Wang said.

GOP is a component of a nation's GDP, reflecting development of ocean-related industries, including oil and gas production, fisheries, tourism and maritime transport.

GOP increased by 11 percent year on year to hit 2.97 trillion yuan in 2008, accounting for 9.87 percent of the country's GDP. 

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