The Correlation between Financial Support and Marine Economic Growth and Industrial Structure Optimization

Abstract

Fei, X.S., 2020. The correlation between financial support and marine economic growth and industrial structure optimization. In: Al-Tarawneh, O. and Megahed, A. (eds.), Recent Developments of Port, Marine, and Ocean Engineering. Journal of Coastal Research, Special Issue No. 110, pp. 163–166. Coconut Creek (Florida), ISSN 0749-0208.In China, marine economy and marine industry have become important pillars in the country's economic development; but the continuous growth of marine economy has led to many problems in the layout of the industrial structure. Moreover, the structural optimization and competitiveness enhancement of the marine industry cannot be separated from the financial support. This paper takes marine economy and industrial structure as the research objects and analyzes the role of financial support in the growth of marine economy and industrial structure optimization. The research results show that financial support can promote marine economy growth and marine industry structure optimization, and it plays a positive role in enhancing the creativity and competitiveness of the marine industry. Through a survey on the marine industry structure in Shandong Province, it's found that with the increase of the marine industry optimization index, the financial utility index increases as well. This paper provides a theoretical basis for promoting the transformation and sustainable development of the marine economy.