Latest News:  
Beijing   Sunny    21 / 12 ℃  City Forecast

English>>China Business

China accelerates "blue economy" development: experts


08:06, October 18, 2012

BEIJING, Oct. 17 (Xinhua) -- China's "blue economy" development is picking up speed, driven by central government approval of maritime development zones in coastal regions, experts said Wednesday.

The State Council, or China's cabinet, approved zoning plans for eight major coastal regions for the 2011-2020 period on Tuesday.

Li Mousheng, an official from the State Oceanic Administration (SOA), confirmed that the eight regions include the coastal provinces of Shandong, Fujian, Zhejiang, Jiangsu, Liaoning and Hebei, as well as Tianjin municipality and the Guangxi Zhuang autonomous region.

The move signals that the development of the "blue economy," described by experts as a marine-based economy, has been raised to an unprecedented strategic level in China, said Liu Shuguang, a professor with the School of Economics affiliated with the Ocean University of China.

Maritime zoning will provide a workable basis for the effective protection of the oceanside environment, as well as the rational exploitation of related resources, said Liu.

In August, several coastal provinces released maritime economy development plans, with the goal of realizing an accumulative output value of 7.05 trillion yuan (1.1 trillion U.S. dollars) by 2015, a report in Wednesday's China Securities Journal said.

Building new residences and tourism projects on land reclaimed from the ocean will not aid the sustainable development of the marine economy, Prof. Liu said, adding that China should strike a balance between exploitation and protection of marine resources.

China should exploit the ocean by considering it as a whole, including its water and resources buried deep in the sea, instead of considering it as an extension of the land, said Prof. Liu.

Developing the marine economy can serve as a source of economic growth for the time being, Prof. Liu said, adding that China should still make sure to maintain regional ecology when developing its maritime economy.

He suggested that the central government should form an environmental protection plan at the state level to be used side-by-side with related zoning approvals.

In 2011, the State Council approved three maritime economy development plans, paving the way for the country's blue economy to develop.

The gross output value of China's marine economy in 2011 reached 4,557 billion yuan, up 10.4 percent year on year, according to the SOA.

News we recommend:
House prices nudge upward in September Islands dispute benefits carmakers' competitors Sany's bid to usurp Caterpillar
Falsely labeled crabs upset the market A Boon to the Economy 'Right time' for London to build RMB business
Beijing offices still hot properties  The consuming challenge of food safety The dawn of a new growth era


Leave your comment0 comments

  1. Name


Selections for you

  1. 'Gangnam Style' dances ease pressure

  2. Fighters conduct training

  3. Unforgettable moments you can't miss in Oct.

  4. Exhibition marking 60th anniversary of NUAA

  5. Crazy BMW car plunges into river

  6. Sany's bid to usurp Caterpillar

  7. Asia's 1st rare Leica camera auction announced

  8. Actresses of Legend of Zhen Huan

Most Popular


  1. 2nd US debate sees candidates flex China muscle
  2. Abe's visit to shrine to dent China-Japan ties
  3. China, Japan and S. Korea must eye the best
  4. Editorial: Addressing the wealth gap
  5. 'Do the right things' for the economy
  6. Obama outperforms Romney in 2nd debate
  7. Commentary: Japan's propaganda war on Diaoyu
  8. To Put political label on Chinese investors unfair
  9. Tokyo's war crime recognition crucial
  10. China bashing: Shame on American politics

What’s happening in China

Beijing's first govt shelter for abuse

  1. China establishes fire-protection engineer system
  2. Self-made caricaturist draws life of migrants
  3. Most overseas returnees pick jobs at private firms
  4. Beijing's biggest transport hub gears up for action
  5. Cops blamed for death as crowds riot