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Follow on Google News | Growing Import and Export activities reflect the Potential of Shipbuilding Industry in ChinaBharatbook.com included a new report on "China Shipbuilding Industry Forecast" which gives information on Chinese government package for the shipbuilding industry in a bid to help the emerging sector sail through tough economic time.
By: Bharat Book Bureau China has become one of the leading nations in the shipbuilding industry after South Korea and Japan. As per our new research report, “China Shipbuilding Industry Forecast”, China’s increasing domestic demand on the back of escalating foreign trade and low cost manpower along with strong government support at the time of recession has been a major booster for the shipbuilding industry.( http://www.bharatbook.com/ China has attained status of the world's largest exporting nation by surpassing Germany after exporting goods worth US$ 521.7 Billion in the first half of 2009. Around 90% of the trade around the world has been done by sea. Thus, the growing import and export activities reflect the potential of shipbuilding industry in China, and its share in the global vessels production is expected to reach around 40% by 2012 from 29.5% in 2008.The Chinese government has announced a series of new measures to boost the shipbuilding industry, which showed signs of slowdown in the backdrop of worsening global financial turmoil. The government has approved a stimulus package for the shipbuilding industry in a bid to help the emerging sector sail through tough economic time. Besides, it is encouraging financial institutions to lend more to ship buyers and offer incentives for purchasers of ocean-going ships. Apart from the government support, low labor and raw material cost coupled with the easy availability as compared to other leading shipbuilding nations are giving an edge to the Chinese shipbuilding industry over its competitors.“ For more information please visit: http://www.bharatbook.com/ Or Contact us at: Bharat Book Bureau Tel: +91 22 27578668 Fax: +91 22 27579131 Email: press@bharatbook.com Website: www.bharatbook.com Blog: http://bharatbookresearch.blogspot.com Follow us on twitter: http://twitter.com/ # # # Bharat Book Bureau is the leading business information aggregator providing market research reports and online databases. Bharatbook is also into the business of marketing conferences worldwide and undertakes custom research. End
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