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China's shipbuilding industry is the first to recover
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16:36, August 17, 2009

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After the world’s shipbuilding industry fell into an abyss in May, China's shipbuilding industry has been the first to recover. According to statistics issued by the China Association of the National Shipbuilding Industry (CANSI), China received new orders exceeding 4.1 million deadweight tons in July, accounting for nearly 70 percent of the world's total.

According to the statistical data collected by the CANSI through monitoring of 70 key shipbuilding enterprises, China built 12.33 million deadweight tons of new ships in July, up 60.2 percent year-on-year, and received new orders for 41 ships, or 4.7 million deadweight tons. The world's total monthly newly-added orders did not exceed one million deadweight tons in the first five months of 2009.

After China became the first country to recover from this low period, the country received over 4.1 million deadweight tons of new orders in July, accounting for nearly 70 percent of the world's total, and more than those of Japan and South Korea, the two countries with the world's largest shipbuilding industries. China has received the most shipbuilding orders in the world for two consecutive months, bringing a gust of fresh air to its stricken domestic shipbuilding industry.

By People's Daily Online



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