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| Revenue of the marine industry soars 15% in 2007 |
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| 2008-02-24 | |
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Feb. 18, 2008 (China Knowledge) - China's marine industry generated a total of RMB 2.49 trillion (US$347 billion) in 2007, up 15% year-on-year, accounting for more than 10% of gross domestic product, according to a report released by the State Oceanic Administration (SOA) on Friday. SOA said the delightful surge was boosted mainly by the traditional industries of transport, tourism and fishing, which together contributed more than 80% of total output value. However, emerging sectors also saw a rapid growth last year, said SOA spokesman Li Haiqing. The gross production value of oceanic biological pharmaceutical industry surged more than 37% from a year ago to hit RMB 4 billion in 2007. Offshore wind power generation also posted breakthroughs last year, up 17% to generate RMB 500 million thanks to last November's operation of the first offshore wind power station, which is funded and run by the China National Offshore Oil Corporation (CNOOC). In addition, with some new findings including the detection of the Jidong Nanpu Oilfield, with reserves of almost 1.2 billion tons of oil, marine drilling and oil and gas production generated about RMB 77 billion, up 17% from 2006. |
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