Being a coastal province, and being China’s richest province, it should perhaps come as no surprise that Guangdong’s “marine industry” – basically, everything related to an ocean-based economy – is the country’s biggest.
For the 24th year in a row, in fact, Guangdong has again been pronounced No. 1 in this industry. It contributed RMB1.93 trillion to the province’s economy last year, up 9% over 2017, accounting for nearly one-fifth of total GDP.
Services are more important than light and heavy industries in the marine economy, and are growing faster overall. However, some standouts include the oil and gas industry (+23.3% in 2018), chemicals (+13%), and power (+12.5%). Offshore wind power projects are looking particularly promising, with six completed and 31 others under planning. Mining, biomedicine, and seawater utilization are also gaining support.
Tourism is growing the fastest, with offshore islands recently being opened to development. In a plan that runs from 2017 to 2030, 167 non-residential islands were included in the total of 196 islands open to development.Read more in Chinese.