China's Shipbuilding Industry to Grow
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China's Shipbuilding Industry to Grow


A group of deputies of the National People's Congress (NPC) have recently submitted a proposal urging the enactment of a specific law on accelerating the pace for the growth of China's shipbuilding industry. The proposal was set forth by NPC deputies from Shanghai, the municipality with largest shipbuilding industry in China on March 10. The Commission of Science, Technology and Industry for National Defense gave a reply on March 13, voicing its agreement with the deputies and regards shipbuilding as a ‘strategic industry with the most typical features of integrating the defense industry with civil sector.’

This has been so far one of the first NPC proposals that have been given replies most promptly. China's maritime territory covers three million square kilometers, teamed with quite a number of straits and islands, which are of important strategic importance and become "hot zones" drawing world attention. Zhang Youjun, one of the NPC deputies who raised the bill, said China should develop its shipbuilding industry for both defense and commercial purposes. Noting that China should mainly rely on its own efforts to improve the equipment of its ocean-going vessels, Zhang said, its economic growth requires the support of vast merchant fleets, propped up by a booming shipbuilding sector with a concentration of new and high-tech industries.

Chinese legislators have suggested repeatedly in the past decades drafting the law to revitalize the country's shipbuilding industries, following the examples of Japan and the Republic of Korea, which had enacted similar laws and already become two top shipbuilding nations in the world. Shipbuilding industry has played an important role in China's national economy. And 80 percent of the vessels the country make is for export.

Article from Xinhua News


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