Xinhua, quoting the Ministry of Industrial and Information Technology, said China’s shipbuilding enterprises realized a total output value of RMB300.6 billion in the first seven months of this year.The ministry said the figure had increased by 33.7% year over year over the same period last year but the growth rate was 24.3 percentage points lower than for the same period.
When you consider that some European shipyards are closing down for lack of orders that is not a bad record.
When you consider that some European shipyards are closing down for lack of orders that is not a bad record.
Steel Guru reports that the shipbuilding industry is one of the key sectors that the government aimed to boost through an industrial stimulus plan introduced in February.