China\'s mid-to-long term industrial development plan, led by the Central People\'s Government of China, underlines the importance of shipbuilding industry, in particular.

The plan is to increase Chinese major ten shipbuilders\' market share in overall China to 70% from 48.9% in 2010 and to focus on development of shipbuilding and offshore sectors.

First of all, Chinese builders would make a latest modern ship model, which meets international standard, and upgrade China\'s major vessels of bulker, tanker, boxship, etc.

Secondly, Chinese yards are to improve design and construction skills of high-value vessels as well as those of marine equipment and to make progress in offshore oil/gas development facility. Also, China would industrialize seawater-related business, such as desalination, etc., and offshore observation facility and build up industrial cluster for offshore facility in Yangtze River Delta, Pearl River Delta and Circum-Bohai-Sea Regions, as the plan states.

Lastly but not least, the Chinese government would promote development of new businesses, for instance, green ship, propulsion system, deep-sea exploration facility and support for green ship, smart ship. Moreover, it would concentrate on marine equipment localization and raise proportion of Chinese equipment up to 80% by 2015. In case of offshore sector, China targets world market share of 20% and securing design and construction capacity of deep-sea energy-related facilities.