Output surges in China’s shipbuilding industry

The shipbuilding industry’s export value was RMB 253.2 billion last year, up 17.8% from a year earlier. The growth was 38.2 percentage points slower than in the previous year.
The total export value of ships, boats and floating structures surged 44.9% year on year to $28.36 billion in 2009, while import value soared 92.5% to $2.48 billion, according to customs statistics.