Chinese ship exports record historic high in first half year
Sunday, 5 August 2007
BEIJING, Aug. 4 (Xinhua): China's export volume of ships hit a record high of 5.49 billion US dollars in the first half of the year, up 61 per cent over the same period last year, according to figures from the General Administration of Customs.
For the first time China overtook Japan to rank the second in terms of vessel order book tonnages, a major shipbuilding index, and took up 28 per cent share of the world market, according to the London-based Clarkson, a firm specializing in the global shipbuilding market analysis.
China's shipbuilding industry scored an output value of 101.7 billion yuan (13.4 billion US dollars) in the first six months, a rise of 48 per cent over the same period last year, according to statistics issued by the management office for shipbuilding industry under the Commission of Science Technology and Industry for National Defense (CSTIND).
The aggregate profits reaped by shipbuilding manufactures more than doubled to reach 6.4 billion yuan (842.1 million US dollars).
Ship production has been increasing by more than 40 per cent annually in recent years, as its low labor cost kept attracting more orders, analysts said.
For the first time China overtook Japan to rank the second in terms of vessel order book tonnages, a major shipbuilding index, and took up 28 per cent share of the world market, according to the London-based Clarkson, a firm specializing in the global shipbuilding market analysis.
China's shipbuilding industry scored an output value of 101.7 billion yuan (13.4 billion US dollars) in the first six months, a rise of 48 per cent over the same period last year, according to statistics issued by the management office for shipbuilding industry under the Commission of Science Technology and Industry for National Defense (CSTIND).
The aggregate profits reaped by shipbuilding manufactures more than doubled to reach 6.4 billion yuan (842.1 million US dollars).
Ship production has been increasing by more than 40 per cent annually in recent years, as its low labor cost kept attracting more orders, analysts said.