China Maintains Shipbuilding Leadership

China’s accomplished shipbuilding output in the first half of this year stood at 19.66 million deadweight tonnes, up 4.2 percent year on year.

Xinhua news agency quoted the Ministry of Industry and Information Technology saying that China received 51.8 percent of global new orders in H1 and held 42.9 percent of the existing orders, cementing the country’s leading role in the sector.

In 2018, China took 43.9 percent of global new orders and held 42.8 percent of the existing ones.

Given a lackluster global economy, however, the shipbuilding industry still faces grim circumstances, Xinhua said.

Intelligent ships and intelligent manufacturing are the drivers for the high-quality development of China's shipbuilding industry, said Xin Guobin, vice minister of industry and information technology, at a meeting this year.