China shipbuilding industry’s five-year plan focuses on high-end manufacturing

      BEIJING, Dec. 16 (Xinhua) — China has set the target of significantly strengthening its manufacturing capacity of high-tech ships, oceanic engineering equipment and key supporting equipment by 2020, the Xinhua-run Economic Information Daily reported on Wednesday, quoting the first draft of the shipbuilding industry’s five-year development plan (2016-2020) just completed by the China Association of the National Shipbuilding Industry.

According to the draft, China will edge itself up into world advanced countries in marine engineering equipment manufacturing and become a major supporting equipment manufacturer in the world by 2020.

The “Made in China 2025” technology roadmap also sets the goal that China’s self-made marine engineering equipment and high-tech ships will take an international market share of 35 percent and 40 percent respectively by 2020.

The government’s supportive policy for the shipbuilding industry is likely to benefit the listed companies including China CSSC Holdings (600150.SH) and China International Marine Containers Group (000039.SZ). Enditem

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