China increases financial support for shipbuilding industry

2013-01-31

It is reported that, during 2012 many financial organizations increased support for shipbuilding industry, helping to improve ship exports. According to the analysis of China Association of the National Shipbuilding Industry (CANSI), the Export-Import Bank of China has financed 7 billion RMB for building and export of marine engineering equipment and high technical vessels. The China Development Bank established ship financing centre, and provided $520 million for Yangzijiang Shipbuilding Holdings to order containerships. And the Bank of Communication signed a co-operation agreement with China State Shipbuilding Corporation (CSSC), aiming to achieve a win-win situation.

Source from CNSS

Source from : CNSS

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