China to Step Up Shipbuilding

Monday, May 09, 2011

According to a report from the Global Times, China’s shipbuilding industry is large but not strong, and independent innovation and establishing an integrated industrial chain are top priorities. Although China is the world’s largest shipbuilder in terms of capacity and new orders, its high value-added shipbuilding ability is far behind South Korea and Japan.

(Source: The Wall Street Journal)

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