China’s Marine Economy Sees 4.9% Growth in First Nine Months of 2026

Beijing:China's marine economy remained stable in the first three quarters of 2026, with growth increasingly driven by innovation and higher-quality development, According to Ministry of Natural Resources.

According to Emirates News Agency, the marine economy grew 4.9 percent year-on-year in the first nine months of 2026, outpacing overall economic growth by 0.3 percentage points, as reported by China Central Television (CCTV).

Preliminary figures indicated that the country's gross marine product reached 8.5 trillion yuan (US$1.28 trillion) during this period, contributing 0.4 percentage points to national economic growth. Efforts have been made to improve the allocation and management of marine resources, including the use of sea areas at different depths.

Support for projects requiring the use of sea areas and islands has reportedly improved, with approvals granted for an additional 219,000 hectares covering projects with more than 670 billion yuan in investment. This move has facilitated industries such as fisheries, manufacturing, transport, and tourism, as noted by Meng Qinglei, Deputy Director of the Marine Strategic Planning and Economics Department with the Ministry of Natural Resources.

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