Shipbuilders to enter new era of high growth

BEIJING: China’s state-owned shipbuilders are expected to enter a high-growth period this year, driven by global markets’ soaring demand for high-end and environmentally friendly vessels as well as the recovery of China’s marine economy, experts and business leaders say.

China remained the world’s leading shipbuilder in the first seven months, with its market share ranking tops globally in output and in new and pending orders.