Skip to Content Facebook Feature Image

China's emerging marine industries boast new growth drivers in Jan-Sept

China

China

China

China's emerging marine industries boast new growth drivers in Jan-Sept

2026-10-29 16:56 Last Updated At:19:47

China's emerging marine industries achieved significant results in fostering new growth drivers in the first three quarters this year.

Since the beginning of this year, China's competitiveness in offshore engineering equipment manufacturing has continued to improve.

In the first three quarters, the country received new offshore engineering equipment orders worth 20.1 billion U.S. dollars, up 123.3 percent year on year, accounting for 83.8 percent of the global market share.

In the first nine months, China accelerated large-scale development of marine energy.

The 10-kilowatt oscillating-water-column wave-energy power generation device "Dongbo-1," independently developed by Dongfang Electric Corporation, reached a domestically leading level and secured its first market order, marking a key step from single-prototype validation to integrated demonstration with a wind farm.

In the Jan.-Sept. period, China made progress in building marine sci-tech innovation platforms and mechanisms.

China's largest seawater desalination testing facility entered operation in Tianjin Municipality, accelerating the maturation and iteration of new seawater desalination technologies, equipment, and products.

China's first dedicated intelligent element supply platform for the marine industry—the Marine Token Factory—was officially launched in Qingdao City, Shandong Province, in eastern China in September.

The platform provides relevant entities with services covering data processing, computing power, and large language models.

It offers more than 130 categories of marine-related data, including offshore operation standards and environmental elements. It contains more than 20 large language models specifically for the marine field and more than 30 general large language models.

"In the first three quarters, China's marine economy achieved steady growth, with its structure continuously optimized and resilience further shown. Next, we will adhere to high-quality development, accelerate the cultivation of new quality productive forces in the marine sector, and promote further enhancement of the resilience and vitality of the 'blue engine'," said Meng Qinglei, deputy head of the Department of Marine Strategic Planning and Economics under the Ministry of Natural Resources.

China's emerging marine industries boast new growth drivers in Jan-Sept

China's emerging marine industries boast new growth drivers in Jan-Sept

Trade between the nine mainland cities in the Greater Bay Area (GBA) and Asia Pacific Economic Cooperation (APEC) countries hit a record 5.58 trillion yuan (around 837 billion U.S. dollars) during the first three quarters of 2026, representing a year-on-year increase of 26.7 percent, according to the latest customs data.

High-end manufactured goods, including machinery, electronic goods and integrated circuits, along with green products, were the main drivers of this growth.

The nine major cities in the GBA are Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen, and Zhaoqing in Guangdong Province. Together with the Hong Kong and Macao special administrative regions, these cities form one of China's most dynamic economic hubs.

Trade between Greater Bay Area cities and APEC countries hits record high

Trade between Greater Bay Area cities and APEC countries hits record high

Recommended Articles