China pledges support for shipbuilding industry, targets high-end market

China aims to capture up to 40 percent of the global high-end marine equipment market over the years through 2020 while reforming and supporting its money-losing shipbuilding industry, the government said on Thursday.

China Pledges to Boost Shipping and Shipbuilding

Speaking at the inaugural Danish Maritime Forum in Copenhagen this morning, China’s Vice-Minister of industry...