A Sea Of Opportunities: Investigating China'S Marine Fishery Growth And Effectiveness
Wang Jing
College of Economics and Management, Wuyi University, Jiangmen, China
Zhang Wei
College of Economics and Management, Wuyi University, Jiangmen, China
Abstract
China's marine catch and seawater mariculture generated an impressive output value of 603.3 billion yuan in 2020. However, amid the challenges of over-exploitation of marine resources and worsening marine ecology, the current development model for China's marine fishery economy remains extensive, single-structured, and short-sighted. Marine fisheries constitute a crucial component of both the marine and national economies. Achieving high-quality development in this sector is not merely essential for addressing rural issues; it is also pivotal in attaining the "dual carbon" strategic objective. In an era marked by new challenges and risks, including the pandemic and century-defining changes, ensuring macroeconomic stability, safeguarding the foundations of agriculture, ensuring national food security, and securing a stable supply of aquatic products have taken center stage in the modern fishery development agenda. Under the "dual carbon" goal, the role of marine fishery carbon sinks in mitigating global warming has gained unanimous recognition. As a major player in marine fishery, China is poised to leverage its abundant marine resources by establishing high-level marine ranches, expanding the scope of marine carbon sink fisheries, and fortifying marine ecosystem resilience. This green development approach necessitates innovation in marine carbon sink mariculture technology to enhance carbon storage per unit seawater mariculture area, thereby augmenting both ecological and economic values. Accurate assessments of the current state of marine fisheries enable the timely identification of limiting factors and the formulation of development strategies, facilitating the optimization of marine fisheries production structures.