China: largest shipbuilding country in 10 years?
According to this article, it could happen:
The boom of China’s shipbuilding industry is closely linked with the development of marine industry, says the report. Although the global marine market declined in 2005, new opportunities emerged. As the world’s shipbuilding center gradually shifts to China, and with favorable industrial policies issued by the government, China could develop into the largest shipbuilding country over the course of the next 10 years, according to the report.
Of course, as the article points out, there are a number of factors that could occur which would be difficult obstacles to overcome, but for now China seems well on track with demand for ships booming. They are the world’s factory for just about everything else, why not ships?
Shipbuilding Industry on Fri, 7th Aug 2009 6:00 am
Recent studies suggest that the boom of China’s shipbuilding industry is closely linked with the development of marine industry. And with favorable industrial policies issued by the government, China could develop into the largest shipbuilding country over the course of the next 10 years.