China's gross ocean product hit 5.5 trillion yuan in H1 2026, up 5.1% YoY, the Ministry of Natural Resources says. Shipbuilding new orders surged 105.2% with 73.9% global market share.
China's gross ocean product reached 5.5 trillion yuan (about 810.09 billion U.S. dollars) in H1 2026, up 5.1% year on year and accounting for 7.9% of GDP, according to the Ministry of Natural Resources. Shipbuilding new orders, completed deliveries and order backlog rose 105.2%, 34.8% and 37.1% respectively, with global market shares of 73.9%, 55.4% and 63.3%.
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