Reviving China's Ocean Economy 2022
China is the world’s second largest economy, in which its thriving ocean economy takes an essential part. China’s marine spaces are broad and productive, and rich in biodiversity. Its territorial waters are vast, with a continental coastline of about 18,000km. On the basis of this maritime bounty, China has the largest shipping volume globally, the largest fish production from both aquaculture and wildcapture, and its coastal tourism and marine renewable energy sectors have witnessed sustained high growth with the improvement of living standards of the people. It is a key contributor to the global economy, with China’s marine GDP in 2020 estimated at CNY 8 trillion, including 3 trillions yuan of major maritime industries, 2.3 trillions yuan of marine research, education, management and services, and 2.7 trillions yuan of marine related industries.