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East Asian Seas Congress looks to boost development of blue economy

China

China

China

East Asian Seas Congress looks to boost development of blue economy

2024-11-06 22:27 Last Updated At:23:27

The East Asian Seas (EAS) Congress kicked off in the coastal city of Xiamen in east China's Fujian Province on Wednesday, with international experts and officials gathering to share knowledge and practices on marine development.

Themed "Blue Synergy for a Shared Future: One Sustainable and Resilient Ocean," the three-day event is hosted by the Ministry of Natural Resources of China, the Xiamen Municipal People's Government and the Partnerships in Environmental Management for the Seas of East Asia(PEMSEA).

At the opening ceremony, China's Ministry of Natural Resources released the first National Ecological Protection and Restoration Bulletin, highlighting the environmental achievements that have been made in the country over the past 75 years.

One of the key topics at this year's EAS is the idea of the blue economy, which centers around the sustainable use of ocean resources to drive economic growth while preserving the marine ecosystem.

To boost trade and foster better conservation, nations and regions are actively exploring ways to partner with China on maritime projects. A representative from Antigua and Barbuda highlighted how China has helped in the Caribbean country's development through infrastructure development.

"The Chinese government has assisted us in building infrastructure projects within Antigua and Barbuda, to build ports and roads and that sort of thing, to help us in our national development, to facilitate trade. We already do some exports of food products to China, and we are hoping to expand greatly in that using the technology that we learn from these conferences and these relationships," said Athill Dean Jonas, former Minister of Social Transformation, Human Resource Development and Blue Economy of Antigua and Barbuda.

Participants also expressed their hope for advancing marine conservation efforts amid the challenges posed by climate change and other potentially harmful human activities.

An official from Tanzania's Zanzibar commended China's efforts in the sector.

"The blue economy is all about maritime trade and conservation. So I think the Chinese and Zanzibar government, they have to work together, especially in the conservation of our pristine small island in Zanzibar. I believe the Chinese have paved the way, so, we are in a position now to learn from the Chinese government and Chinese people on how they preserve their marine ecological system," said Hamad Bakar Hamad, Principal Secretary of Ministry of Blue Economy and Fisheries of Zanzibar.

The event, held every three years, will run till Friday.

East Asian Seas Congress looks to boost development of blue economy

East Asian Seas Congress looks to boost development of blue economy

East Asian Seas Congress looks to boost development of blue economy

East Asian Seas Congress looks to boost development of blue economy

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.0108 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan strengthens to 7.0108 against USD Monday

Chinese yuan strengthens to 7.0108 against USD Monday

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