The Ministry of Natural Resources said China's ocean economy expanded steadily in the first three quarters; preliminary estimates put ocean GDP at 8.5 trillion yuan, up 4.9% YoY and 0.3 percentage points above national GDP growth. Through Q3, China’s ocean-going shipbuilding new orders, deliveries and orderbook rose 98.5%, 35.0% and 41.9% YoY, respectively, with China retaining the largest share of the global market. New orders for offshore engineering equipment totaled US$20.1 billion in the fi

The Ministry of Natural Resources said China's ocean economy expanded steadily in the first three quarters; preliminary estimates put ocean GDP at 8.5 trillion yuan, up 4.9% YoY and 0.3 percentage points above national GDP growth. Through Q3, China’s ocean-going shipbuilding new orders, deliveries and orderbook rose 98.5%, 35.0% and 41.9% YoY, respectively, with China retaining the largest share of the global market. New orders for offshore engineering equipment totaled US$20.1 billion in the first three quarters, up 123.3% YoY and representing 83.8% of the global market.