Statistics

New orders for Chinese shipbuilders grow 420%

(Xinhua)
Updated: 2010-08-21 17:26

BEIJING - The total volume of new orders for China's shipbuilding enterprises leaped 420 percent year on year to 33.3 million deadweight tons in the first seven months of the year, the Shanghai Securities Journal reported Saturday.

The July figure was 9.54 million deadweight tons, the highest monthly figure since the global financial crisis, the newspaper said, citing a report issued by the China Association of the National Shipbuilding Industry.

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According to the report, Chinese shipbuilding companies built 35.2 million deadweight tons of ships in the first half, up 87.4 percent year on year.
Industrial output at the nation's 2,025 large shipbuilding enterprises expanded 22.7 percent year on year to 371.3 billion yuan ($54.8 billion) in the first seven months, the newspaper reported.

However, the growth rate was 10.9 percentage points lower than that in the same period last year.