China Ocean Economic Development Index Thrives

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The National Marine Data and Information Service on Thursday announced that CHINA Ocean Economic Development Index, which gauges the country’s ocean economic development, rose to 119.9 in 2015.

The index, released for the first time, was 2.8 percent higher than the reading taken in the year 2014.

The seas and oceans are integral to China’s social-economic development, and the ocean economy is a strong driver of the national economy.

During the 12th five-year (2011-2015) Plan period, the annual growth rate of the index was 3.7 percent, suggests a good overall development of the ocean economy.

Index evaluation:

The index refers to the comprehensive quantitative evaluation on China’s ocean economic development in a certain period.  Taking the levels seen in 2010 as baseline readings, the basic index is set as 100.

The development level sub-index, which includes development scale, structure, benefits and openness of the ocean economy, was 119.7 in 2015, 0.7 percent above 2014’s.

The efficiency sub-index, which includes the development stability of the ocean economy and the people’s quality of life, rose 4 percent to 118.8 from 2014’s level.

The potential sub-index, which reflects innovation in the ocean economy and natural resources and environment, climbed to 121.4 last year, 4.6 percent above 2014’s.

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Source: Xinhua

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