China’s marine economy has emerged as a standout in the country’s overall economic development in the first half of 2024, with relevant Gross Domestic Product reaching 4.9 trillion yuan ($687.2 billion), indicating 5.6 percent year-on-year growth. Over this period, China secured the leading global position in new orders for 14 major ship types, while the marine engineering equipment manufacturing sector saw orders triple compared to the same period last year. Additionally, maritime import and export trade increased by 2.1 percent year-on-year, reflecting the ongoing impact of macroeconomic policies and the recovery of external demand. (....)