A new government report, made public yesterday, has predicted that China's maritime industry will grow relatively fast in the next 17 years.

The maritime industry is expanding fast and will reach a stable stage in 2030, said the report issued by the China Institute for Marine Affairs, attached to the State Oceanic Administration.

In 2012, the production value of the industry totaled 5 trillion yuan (US$802.5 billion), up 7.9 percent year on year, and contributed 9.6 percent of the country's gross domestic product.

The industry's total production may hit 20 trillion yuan in 2030, or 15 percent of GDP, based on current development and its potential, the report said.