The General Office of the Ministry of Natural Resources ("MNR") has recently issued the Gross Ocean Product Accounting System (the "System") which has been approved by the National Bureau of Statistics ("NBS") and taken effect immediately from the date of approval and will remain valid till January 2022.
As a comprehensive statistical system to fully reflect the marine economic development, the System primarily relies on the processing of existing data which is supplemented by extra surveys. It is mainly used to calculate the gross ocean product, structure of the ocean industry and the growth rate, of the whole country and of coastal regions, and requires the submission of quarterly reports and annual reports. A quarterly report contains two comprehensive statistical sheets while an annual report involves four comprehensive statistical sheets. Statistics required in the Hai He Table No.1 and in the Hai He Table No.2 shall be submitted within 19 days after the end of the preceding quarter, if gathered for the first or second quarter, and within 21 days after the end of the preceding quarter, if gathered for the third or fourth quarter; the confirmed data presented in the annual report of the last year shall be submitted by July 31 of the current year. The required statistics must be submitted both electronically and through written statements to the Department of Marine Strategic Planning and Economy of the MNR, and a copy thereof shall be forwarded to the China Oceanic Information Network.