Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Shipbuilding tonnage up 30% in 2007
Adjust font size:

China's shipbuilding tonnage jumped 30 percent to 18.93 million tons last year, the country's top economic planning agency said Saturday.

China, the world's third-largest shipbuilder after the Republic of Korea and Japan, grabbed 23 percent of the world's market share, four percentage points higher than in 2006.

Among the total, 14.9 million tons of ships in tonnage were exported to 151 countries and regions, according to the National Development and Reform Commission (NDRC).

The number of exported tonnage rose 25.6 percent and the export value rose 51.1 percent to 12.24 billion U.S. dollars.

The country's new shipbuilding orders in tonnage soared 132 percent to 98.45 million tons last year. The figure accounted for 42 percent of the world's total, up 12 percentage points from a year earlier.

The new amount raised the total orders in tonnage the country held to 158.89 million tons, 33 percent of the world's figure. The market share was nine percentage points higher than in 2006.

During the year, China State Shipbuilding Corp. (CSSC) and China Shipbuilding Industry Corp. (CSIC) built 6.55 million tons and 4.24 million tons of ships in tonnage, respectively.

The CSSC and CSIC received 23.52 million tons and 16.16 million tons of new shipbuilding orders in tonnage, respectively, last year. The two state-owned shipbuilding giants each had at hands 50 million and 26 millions of total orders in tonnage.

(Xinhua News Agency March 2, 2008)

Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- Guangzhou to get new shipyard
- China Mulls Measures to Cool Investment in Shipbuilding
- China to Adopt Shipbuilding License System
Most Viewed >>
- Individual income tax threshold raised
- Installed nuclear power capacity rises 30% in 2007
- Need for speed has 4G leading the pack
- 30 more state-level high-tech bases named
- China, ASEAN become 4th-largest trade partners

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?