China looking to restructure, upgrade shipbuilding sector

Aug 05, 2013 | 07:30 AM |

Tags  China shipbuilding, China State Council, Wang Jinlian, China Association of the National Shipbuilding Industry, shipbuilders

SHANGHAI — China’s State Council wants to restructure and upgrade the shipbuilding industry to ensure its sustainable development.

Over the next three years, the council plans to focus on curbing excessive capacity growth and developing higher value-added ships, including offshore engineering equipment, it said Aug. 4.....

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