A press conference held on November 2 by the Information Office of Shandong 
Provincial People's Government revealed that Shandong's Gross Ocean Product 
(GOP) has reached RMB 1,318.7 billion yuan in 2020, recovering to 98.10% of the 
previous year's, and accounting for 18.03% of the regional GDP and 16.48% of 
the national GOP. The province's marine economy has been recovering quarter by 
quarter, with continued structural optimization, showing strong resilience and 
further consolidating the trend of high-quality development in the marine 
economy. 

By industry, the development foundation of Shandong's marine economy is being 
consolidated constantly. Value added of the province's major marine industries 
stood at RMB 507.3 billion yuan, recovering to 92.3% of the previous year's. 
The ocean engineering construction industry, the ocean power industry and the 
seawater utilization industry have all achieved steady development, with 
year-on-year growth rate of 5.4%, 4.9% and 4.0% respectively. The marine 
biomedical industry achieved a value added of RMB 12.7 billion yuan, ranking 
first in China. 

From the perspective of ports, the construction of world class ports has been 
advancing in an orderly way. The Port of Shandong is aiming to accelerate the 
construction of a world-class marine port, and to speed up the upgrade from a 
loading port to a hub port, a trade port and a financial port. In 2020, 35 new 
container lines have been added, including 18 foreign trade lines, with the 
number and density of lines both steadily ranking first in northern China's 
ports. Independent innovation has helped to break technical barriers of the 
industry, about which 10 technologies were the first in the world and world 
records have been broken for 7 times. In 2020, the marine transportation 
industry achieved a value added of RMB 114 billion yuan, an increase of 4.8% 
year-on-year, with the industry ranking first in China in terms of scale. 

In terms of scientific and technological innovation capabilities, key 
technologies in the marine industry have continued to make new breakthroughs, 
and science and technology have enabled transformation and upgrading of the 
marine economy. The Phase I of the Marine Biomedical Industry Investment Fund 
under Shandong's Project of Replacing Old Growth Drivers with New Ones has 
reached a scale of RMB 150 million yuan, providing strong support for marine 
drug research and development. With the in-depth implementation of China's 
"Blue Drug Storage" development plan, BG136, a new national Class I immune 
anti-tumor marine drug, will soon enter the clinical trial stage. A pilot 
demonstration project for the integrated development of offshore wind power has 
been launched. The Shandong Industry Research Institute for Seawater 
Desalination and Comprehensive Utilization has been established to create an 
R&D chain and an industry chain for seawater desalination. 

In addition, the green transformation and development of Shandong's marine 
economy has been significantly enhanced. The marine clean energy industry has 
been developing rapidly. In 2020, the province's marine wind power generation 
capacity was 17.896 billion kWh, an increase of 4.1% year-on-year. 39 seawater 
desalination projects have been completed, with a daily production capacity of 
371,400 tons. Marine ecological restoration has been accelerated, with a total 
of 29 critical marine ecological restoration projects implemented in the Bohai 
Sea, and 4,675 hectares of coastal wetlands and 62.82 kilometers of shoreline 
have been remediated, with mission accomplishment rates over 123% and 285% of 
the overall tasks respectively.

Source: The Information Office of Shandong Provincial People's Government