China has become one of the leading nations in the shipbuilding industry after South Korea and Japan. As per our new research report, “China Shipbuilding Industry Forecast”, China’s increasing domestic demand on the back of escalating foreign trade and low cost manpower along with strong government support at the time of recession has been a major booster for the shipbuilding industry.( http://www.bharatbook.com/Market-Research-Reports/China-Shipbuilding-Industry-Forecast.html ) China has attained status of the world’s largest exporting nation by surpassing Germany after exporting goods worth US$ 521.7 Billion in the first half of 2009. Around 90% of the trade around the world has been done by sea. Thus, the growing import and export activities reflect the potential of shipbuilding industry in China, and its share in the global vessels production is expected to reach around 40% by 2012 from 29.5% in 2008.The Chinese government has announced a series of new measures to boost the shipbuilding industry, which showed signs of slowdown in the backdrop of worsening global financial turmoil. The government has approved a stimulus package for the shipbuilding industry in a bid to help the emerging sector sail through tough economic time.
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Growing Import and Export activities reflect the Potential of Shipbuilding Industry in China
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